The use of a marketing mix is a great method to help make sure that positioning the right product in the right place will take place. It is an essential tool to know what products can be proposed and how to plan for an effective product offering and also help to discover growth opportunities in a market. In the 70’s it was extensively recognised by marketers that the marketing mix should be modernised. The extended marketing mix known as the 7Ps was created by Booms & Bitner in 1981 which include 3 other features to the 4 P’s.
The 7Ps of the marketing mix tool as a strategy is going to be used in this part of the report to ascertain growth opportunities for Arby’s and they are as follows:
Product: It is essential to keep in mind that each customer has their own choices when proposing menu items to them. They have different ways of spending money and also different locations to spend them on. It should be focused on creating best
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It is important for everyone to understand that the status revolves around the customers and they are the one who bring in the status. At Arby’s they have senior employees who knows both the business and local cultures. Also Arby’s put emphasis on on giving intense training to new recruits so that they fit perfectly in the organisation after to provide better service to customers.
Process: This includes the techniques and process of offering a service. It is necessary to have a detailed understanding on whether the services are done, offered in a good way and on time to the customers. Arby’s serves only freshly made sandwiches; the process of Arby’s includes ensuring that the raw materials are half or in some cases (bread and fajitas) fully organised in the kitchens. As soon as the order is received, it is prepared straightaway and served. As mentioned earlier, the strength of Arby’s is also its quick service which is appreciated by
So they have been specializing in the art of making a chicken sandwich since the very beginning of its existence. It is made with no preservatives, additives, or filters, just 100 percent breast meat. Also, anytime one eats anything from there, they should know that whatever they are eating was made that day from scratch. It is all hand breaded in every Chick-Fil-A restaurant all across America. This differentiates Chick-Fil-A from competing fast-food places because other restaurants will have frozen meats and preservatives stored in a freezer for days or even weeks.
first I tried out their original chicken sandwich because according to them they are the ones that discovered the original chicken sandwich. When I took a bite into the sandwich I could taste that they seasoned the chicken very well, and it didn't taste like frozen chicken patties, so I was very glad about
It has a longer description than the other appetizers to ensure that the customer knows exactly what he or she is getting. It can be observed that the longer descriptions are only under the most expensive items, this approach makes the more expensive dish seem more appealing and worth the money. The descriptions commonly use words such as ‘perfect’ and ‘tempting’ in the direct description (El Toro), this suggests that the restaurant is cheaper because it has to include extra information to convince the consumer to buy it. Despite the long descriptions, there is no direct description of how the dishes are made nor a mention of calorie count. However the menu uses adjectives such as ‘sizzling’ and ‘grilled’ and some dishes include a spice warning for spicy food, revealing a hint of how the dishes are prepared (El
For the business-level, Trader Joe’s adopted a differentiation focus strategy. According to our textbook with this strategy, Trader Joe’s seeks to differentiate in its target market. They rely on providing better service than broad-based competitors. Specifically, they focus on the special needs of the buyer in other segments (Dess, Page 159). Joe’s differentiates its self from other grocers by providing a unique shopping experience fortified with their private label goods and great service from their crew members.
Exploring the businesses around us, we have allocated our marketing project with Sammy G’s. With their previous annual sales of $720,000 targeting SJSU students which acquires over 30,000 students. We are also targeting pizza lovers, sport fanatics and the 21+ for the alcohol. We have also figured out our strengths, weaknesses, opportunities, and threats of the company. The strengths are our location, our premium toppings, happy hour deals, and sports bar
D) Marketing Plan (4Ps) Marketing Mix (4Ps) • Product – Divide product into three categories for different market o High-end function, design, and price – to target high-end group. The function will feature the highest potential such as child protection lock, built-in coffee and toaster maker, rotisserie, new technology
For both organisations, MR DIY and Supersave, both organisations used and follows the 4Ps of Marketing except for promotion. Price factor is one of the main factor both organisations used to promote and attract new customers. Both organisations offer goods and services at similar pricing level. Product factor is also the main factor to run both organisations. Varieties of goods and products, from household products to mechanical equipment, from red colour to purple colour, from XS to XXL, MR DIY and Supersave try hard to satisfy different customer needs, wants and also demand.
6.0 Marketing Strategies There are different marketing strategies which can be applied for each component depending on organizational objectives or goals. Skillshare need to accomplish the precise equilibrium of the marketing mix to achieve its goals. Figure 1: The 4 Ps of Marketing Mix Marketing mix is an arrangement of four choices which should be taken before propelling any new product or service on the market. These variables are otherwise called the 4 P's of marketing. These four variables help the firm in settling on vital choices essential for the smooth running of any product / organization.
2.0 Introduction Starting with branched out from Binariang GSM Sdn Bhd as a subsidiary, Maxis Communiations Berhad (Maxis) is a service provider company for telecommunications and internet technology in Malaysia. It was begun in 1995 where the company used the dialling prefix identifier of ‘012’, ‘014’ and ‘017’. The company offered 900 and 1800 MHz Global System for Mobile Communications (GSM) band. After that, the company uses the 2100 MHz Universal Mobile Telecommunications System (UMTS) band in July 2005. Besides, Maxis was the first to introduce 3G services in this country.
The teams processing the information for the customers for the service provided were contacted by the customers to assist them in making payments. Knowledge The knowledge about the buying criteria of the consumer and that there was greater opportunity for the differentiation strategy implemented based on the quality and the services offered for customers. Mike was also able to establish the fact that his relationship was not too smooth with the managers of the
People define a service that refers to the people who can directly contact with the customer such as staff. One of the crucial part in selling a product is the staff and its service before buying a product. The employees in coca cola’s company have a standard uniform. The company specially focuses on friendly and prompt service to its customers from their employees. Process
6.1 Marketing Mix Marketing mix is a set of controllable marketing tactics used by business to promote their product and achieve its marketing objectives. (L. Lake, 15 June 2017) Marketing mix is also called the 4Ps which consist of Promotion, Place, Product and Price. (M. J. Baker, 2001, p.54) 6.1.1 Product
This element of the marketing mix defines the approaches used to communicate with the customers. McDonald’s uses the following tactics in its promotional mix: • Advertising • Sales promotions • Public relations • Direct selling
The price strategy which KFC is currently adopting is geographical pricing. It is because the menu prices is set differently in each country. For example, KFC Malaysia snack plate is priced at RM 5.95 while snack plate in Singapore is priced at SGD 6.40. Generally, they use market penetration pricing for new products. KFC sets their price slightly lower as compared to their competitors in order to entice customers away from their competitors.