Elements of the marketing 7p s

Do they shop in a mall, in a regular brick and mortar store, in the supermarket, or online. For instance material costs, market share, product identity etc.

The location of the service provision is carefully analyzed to allow ease of access and the desire to make the effort to reach it. While Jerome McCarthy has only defined four verifiable marketing elements, the 7Ps are an extension as a result of which this services marketing mix can also be applied in service companies and knowledge intensive environments.

People are a defining factor in a service delivery process, since a service is inseparable from the person providing it. Therefore, most companies have a service blue print which provides the details of the service delivery process, often going down to even defining the service script and the greeting phrases to be used by the service staff.

It is not a basic part of the marketing mix definition, but rather an extension. These are people, physical evidence and process.

Whether you are using the 4Ps, the 7Ps, or the 4Cs, your marketing mix plan plays a vital role. They maybe have to get an helpline number from where they can help customers that have difficulties using their new product.

Signs, symbols and artefacts such as signature, decoration style, personal touch, etc. Word of mouth is also a type of product promotion.

Defining Services Marketing Now a recognized offshoot of the traditional field of marketing, services marketing is the design of strategy to address the provision of services, both in a business to consumer context and the business to business scenario.

These are people, physical evidence and process. This stood for People. The Stages of Process, types and its benefits are discussed here in a simple manner. Fast food restaurants and sales and service centers may be located in busy main streets to allow walk in customers, while a fine dining restaurant may be located in a quiet street to maintain exclusivity and privacy.

Since services are intangible in nature most service providers strive to incorporate certain tangible elements into their offering to enhance customer experience. The process of service delivery is crucial since it ensures that the same standard of service is repeatedly delivered to the customers.

The 7 P’s of Services Marketing

It will be an intelligent watch that will help people aged over 50 to use their mobile phones. It is important to devise a plan that balances profit, client satisfaction, brand recognition, and product availability.

Accessibility for the customers will be easy, Apple will distribute their products in local shops so everyone can reach it. The quality of a service between service companies and customers hospital intake, having a meal in a restaurant or accountancy or management consultancy services can vary very strongly in addition to other important factors.

Product The new product that I am going to talk about is Iwatch. These added elements within the service marketing mix represent a service and provide intangibility by physical evidence, the result. Word of mouth is an informal communication about the benefits of the product by satisfied customers and ordinary individuals.

It is therefore important that the service companies manage demand as well as they possibly can.

Elements of the marketing mix-7P’s Essay Sample

When it was first articulated by McCarthy init consisted of 12 parameters that were to be mixed like ingredients by a marketer. Apart from this, the same person may react to the same situation differently on two different days.

Consumer Wants and Needs — A company should only sell a product that addresses consumer demand. Satisfied customers are the best publicity for the services or products to be delivered. This means that the customer and the employee are both part of the process and are equally important to the experience.

Successful organizations strongly focus on the service paradigm with investment in people, technology, personnel policy and remuneration systems for their employees.

Nov 16,  · This article explains the theory and concept of Service Marketing Mix, also known as the 7P’s in a practical way. After reading you will understand the basics of this powerful marketing tool. Background of the Service Marketing Mix (7 P’s)Ratings: The extended marketing mix (7P's) is the combination of seven elements of marketing that aim to work together to achieve the objectives of a marketing.

The 7 P’s of Services Marketing The first four elements in the services marketing mix are the same as those in the traditional marketing mix. However, given the unique nature of services, the implications of these are slightly different in case of services.

Elements of the marketing mix-7P’s By Safi Baig Introduction In this P6-M3 I have been asked to describe the 7p’s (product, price, place, promotion, people, processes and physical evidence) about a new product or service launched by a selected company (Apple). Product. Amazon marketing mix (Amazon 7Ps of marketing) comprises elements of the marketing mix that consists of product, place, price, promotion, process, people and physical evidence.

Amazon products can be divided into the following four categories: 1. Amazon. Marketing Theories – The Marketing Mix – From 4 Ps to 7 Ps. Visit our Marketing Theories Page to see more of our marketing buzzword busting blogs. Marketing is a continually evolving discipline and as such can be one that companies find themselves left very much behind the competition if .

Elements of the marketing 7p s
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7Ps of Marketing | Additional Elements of Marketing mix