The research paper is based on two task related to extended marketing mix, its definition and the working of marketing mix in regards current working companies in the market place. In addition, it discusses the difference between marketing of product and services to understand its variance. It further intent to discuss the difference between international as well as domestic marketing of product and services.
Task 3
Extended Marketing Mix
Extended marketing mix consists of seven different factors that marketers evaluate before formulating their marketing campaign. Marketing mix help, the marketers to target appropriate market that further help them to increase product knowledge among the customers (Armstrong, et al., 2014).
Product
In marketing
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Some studies observes it as a way to achieve desired targets, for instance – to accomplish a 30% of shares an organisation actualises a marketing planning process. However, in all actuality it is more about the client interface between the business and buyer and how they manage one another in a progression of ventures in stages, i.e. all through the procedure (Barrett & Weinstein, 2015). Task 4
Extended Marketing Mix of Apple v/s EBay
Extended Marketing Mix Apple Inc. EBay Inc.
Product / Service Portable Computers of Apple include Mac Book Pro, IMac, MacBook Air and other
IPod of Apple include iPod Shuffle, iPod Nano and others
Smartphones of Apple include generations of iPhone which is recently upgraded to iPhone6GS and iPhone6GS Edge (Akyol, 2015) PayPal is an online exchange business permitting instalments and monetary exchanges to be made through the web.
EBay offers business centres for the offer of merchandise and benefits.
It additionally gives online instalment and correspondence administrations to people and organisations.
Products at EBay incorporate a huge number of collectibles; stylistic layout, apparatuses, PCs, decorations, vehicles, and different random things are recorded, purchased, or sold, every day (Hu, et al.,
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site (Barrett & Weinstein, 2015).
Place Apple Inc. headquarters is situated at is situated at 1 Infinite Loop, Cupertino, California.
The Apple Consultants Network incorporates autonomous expert administration suppliers and technology counselling firms that have practical experience in Apple and external planning. Guaranteed on Apple promotions, these suppliers convey nearby benefits and backing to home clients and organisations of all sizes.
Apple has more than 200 retail locations overall including the US, UK and Canada. Apple as of late opened another retail location in Shanghai China (Nair & Leng, 2012).
There are eBay Coupons, eBay rebates, eBay Promotional codes, and an eBay deals page at DealTaker.com
The eBay Bucks Rewards Program gives the individuals who use PayPal on EBay 2% back on qualifying buys members get a prises authentication toward the begin of every timetable quarter for eBay Bucks they collected in the past quarter. They have 30 days to spend it on any eBay posting with PayPal (Riefa & Markou, 2015).
Physical Evidence Apple Inc. primary site is situated at
California headquarters companies such as Facebook, Google, Intel, and Netflix.
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.
Diversification: Upstream integration with suppliers, Sephora exchanges data collected from their digital channels with their manufacturers for new products development. Role of Sephora digital channels in company’s marketing mix Product: Sephora has more than 250 brands with approximately 13,000 products which include skin care, makeup, bath, fragrance, beauty accessories, hair products as well as other beauty and body care products and each of these categories has various sub-categories (CNBC, 2017). The company's product offering is able to meet the diverse customers' needs. Even though most of the products sold by the company were manufactured by so many other brands, each of these brands have a different product concept which aligned
Q1a. MARKET STRUCTURE OF APPLE INC Apple Inc. operates different types of market structure in terms of their different products. In the smart phone business, they happen to be one of the major players with their different models of the “iphone” which makes them operate in an oligopolistic market. Oligopoly arises when there is an imperfect competition in which there are just few firms producing similar products. As a result of high competition, monopolies, interdependence among firms there are just a few big players having the market power and making it very difficult for new firms to penetrate the market with their products.
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
Sunday, January 31st, 2016 Internal Assessment Research question: At what extent was Apple´s innovative Apple Watch marketing strategy successful when launching the device? In recent years, cutting edge technology has been the gap through which society had maintained daily basic activities, businesses such as Apple Inc., in the attempt maintain ahead and wider the advantage over potential competitors, seek the innovative development as an important key to better meet the needs and wants of their customers in the future, this factor represents the arise of new chambers in the market as a new opportunity of growth where a proper marketing strategy that involves a correct manage of price and the product features, enabled a beneficial introductory
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.
Today’s generation is all about their smartphones. These phones now do everything for people to use and the manufacturers make them so easy for anyone to use. But, smartphones are taking over people’s lives, and it may not be for the best. They actually change the way people act and think. Smartphones can save all peoples information such as passwords, usernames, credit cards, emails, and more.
Apple Inc. strives to limit the time between ordering for the goods and receipt of the same. Normally, long distribution channels do not only influence the pricing of the products, but also the time when the consumers receive the product. Apple Inc. commands a great power in the market because it has differentiated
a. The product and production orientation of marketing asserted that a company should first develop product and then they should scan the market for sale opportunities. Now days in the modern world the market have changes. The process orientation of marketing requires a company to first to analyse the market, understand customer requirement and then develop products. In todays world, the modern marketing is based on the reverse process, in which the first the customer needs and demands are identified. The subsequent market program of the firm depends on how the market identifies the potential customer, profiles them, target them and positions his offering in the minds of customer.
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
Consumer behavior towards Nike products Marketing is collaborating the value of a product, service or brand to customers, as a driving force to promote or sell that product, service or brand. Marketing procedures and skills embrace selecting target markets by carrying out a market analysis and market segmentation, as well as taking into account the consumer behavior and advertising a products value to customers. Marketing is the utmost vital aspect of developing and enlarging your business, and is a speculation that will recompense for itself over and over again. The term “marketing mix,” was first devised by Neil Borden, the president of the AMA (American Marketing Association) in 1953.
ORGANIZATIONAL STRUCTURE Apple Inc. has followed different organizational structures and the changes that came depending upon the time frame and when situations called for it. Our objective is to find out the advantages and disadvantages of different organization structure that Apple Inc. has implemented till now. Apple Inc. has followed a flat structure of organization. Basically this flat structure has encouraged employees to contribute to the decision making process by directly participating in it.
Question 1: What is the value proposition that Apple Pay offers consumers? How about merchants? Value proposition is what sets a product or service apart from competitors. It is the products, services, or features that the company provides that add value to customers.
Not only this, great offers and discount coupons are available while shopping on these online retail markets. VARIETY OF PRODUCTS Get all sorts of national and international products without even moving an inch. This is great! Isn’t it? A Chanel’s perfume bottle which is made in Europe will be easily available in any part of India.