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Pick the Mix IM LAP 7

Review for the Marketing Mix

AB
Achieve satisfying connectionsWhy marketers plan where to go and how to get there
Order of goal processGoal then strategy then tactic
Strategy examplea plan for increasing sales
tactic exampleschedule a meeting with salespeople
To determine its successWhy a goal is evaluated
EfficientTo reach a goal one must plan this kind of route
Strategiestactics must line up with these
Set aside fundswhat to do after selecting the strategy
Situations might changeWhy marketers need to know about obstacles
Adjust or combine strategiesWhat to do when customizing
How its goal will be reachedWhy a firm's strategy is important
Marketing Mixcombination of four marketing elements
Productdetermining the good, service or idea
PriceAmount of money a firm asks in exchange
PriceBalancing value and satisfaction
PlaceGetting a product where it needs to be at the right time
Distribution SuccessWhen customer's buy where they want it
PromotionTo inform, persuade, remind
Affects all othersChanging one element of the marketing mix will do this
Select the strategyWhat to do before you customize


Marketing Educator/DECA Advisor
Frankfort High School
Frankfort, IN

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