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Dive deeper into the marketing mix focusing on Product and Place in this continuation of the Diploma in Marketing progression. Explore the importance of product, distribution channels, and considerations to make in the place element. Check the links provided for more insights. See you in two weeks, and happy holidays!
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Progression Diploma Marketing: 4P’s – Product & Place
Marketing Mix (Continued) • Last week recap: Product • What was important? • http://www.bbc.co.uk/programmes/b00v71vr • How does this fit in with the other ‘P’s? • http://www.bbc.co.uk/schools/gcsebitesize/business/marketing/marketingmixrev1.shtml
Place • What considerations do you need to make? • What? • Who? • Where can you sell it? • Where should you sell it?
PLACE: 4 distribution channels:- 1 2 Manufacturer Manufacturer wholesaler wholesaler Retailer consumer (indirect). consumer (indirect). Common in food and drink industry. Manufacturer gets bulk orders, consumer gets lower prices
4 distribution channels:- (continued) 3 4 Manufacturer Manufacturer Retailer Consumer (direct). Common in factory shops, mail order and internet selling. Fastest channel and cheapest for consumer. Consumer (indirect). Common in clothing industry.
See you in Two weeks • Happy Holiday!!!!!!!!