Ask Marketing Management Expert

The five elements of the promotional mix include:  advertising, personal selling, public relations, and sales promotion. Marketing strategies can include all of or a mix of these possible elements.

Advertising: Advertising is non-personal in nature and is designed to target a specific audience through various mediums.  These mediums include:  mass media, television, radio, billboards, Internet, movies, magazines, etc.

Personal selling: Personal selling is "personal" and is designed to include persuasive information to convince consumers to purchase the product/service.  

Public Relations: Public Relations focuses on promoting positive relationships internal and external to the company.

Sales Promotion:  Sales Promotions create a sense of urgency and call the consumer to action through offers of additional product incentives.  Examples of additional product incentives include: buy-one/get-one, contests, free samples, exclusive offers, etc.

Direct Selling:  Person-to-person transaction/sale that is conducted by an independent sales representative not employed directly with the company (Avon, Pampered Chef, Mary Kay).

The four elements of the marketing mix include:  product, place, price, and promotion.  The purpose of the marketing mix is to satisfy the needs of a particular market and gain and sustain a competitive advantage.  Ideally, if all goes well, a company will have the right product, at the right place, for the right price.

Product:  The product must satisfy a need (or want), be of value (quality), and meet expectations.

Place:  Product Placement not only includes the final destination for sale of the product, but also the logistics involved with the distribution of the product.

Price:  The Price of a product is determined by the perceived value consumers attribute to the product. There are a number of factors that can impact the price of a product.  Examples of factors that can impact the pricing of a product include:  supply, demand, promotion, competition, etc.

Promotion:  Products need to be promoted (Promotional Mix).  Promotion refers to the methods by which a company communicates information about product/service to consumers.

Please read the following articles.  Keep the above information in mind and take notes.  Once you have read the articles, please respond to the discussion question below.

Role of a Promotional Mix (Links to an external site.)

What is the difference between a marketing mix and a promotional mix? (Links to an external site.)

Discussion Question(s):  Based on your understanding of the promotional mix and the marketing mix, how are the promotional mix and marketing mix related?  Does the marketing mix influence the promotional mix or does the promotional mix influence the marketing mix?

Your main post must be two to three substantive paragraphs (250+ words) and include at least two references/citations. .

Marketing Management, Management Studies

  • Category:- Marketing Management
  • Reference No.:- M91395093
  • Price:- $50

Guranteed 36 Hours Delivery, In Price:- $50

Have any Question?


Related Questions in Marketing Management

Question 1 application of conceptstime value of money2

Question: 1. Application of concepts/time value of money? 2. Which is more detrimental to a firm, pricing your product or service too high, or pricing your product or service too low? 3. Discuss the role of demographics ...

Question imagine that you are in the market for a new

Question: Imagine that you are in the market for a new career. How can the marketing research process apply to your career search? Think of a specific topic you need to learn more about that relates to your career as a o ...

Question strategic marketing planintroductionthis

Question: STRATEGIC MARKETING PLAN INTRODUCTION This assignment entails development of a comprehensive strategic marketing plan for a new product or service that is ready to "go to market". A Project Template is provided ...

Qestion ready set strive gen z is comingby janet adamy

Question: Ready, Set, Strive : Gen Z Is Coming By Janet Adamy | Sep 07, 2018 TOPICS: Consumer Behavior, External Marketing Environment, Targeting SUMMARY: About 17 million members of Generation Z are now adults and start ...

Question in your marketing plan you should1establish a

Question: In your Marketing Plan, you should: 1. Establish a Mission Statement and a Vision Statement for your new organization. 2. Briefly describe basic services it has been providing during the first six months of ope ...

Question 1review the terminal course objectives accessed by

Question: 1. Review the Terminal Course Objectives, accessed by clicking on the "Course Information" tab at the top of your screen, scrolling down to the "Course Objectives" and then selecting View class objectives. How ...

Question read the worddoc first and answer those following

Question: Read the word.doc first and answer those following question 1. Provide a list of at least five pieces of information that airlines have about their customers, and for each, explain how that information might he ...

In this unit you are asked to produce a public relations

In this unit you are asked to produce a Public Relations Campaign Proposal document and an essay that explains the theory behind your planned approach to the Proposal task. You may base your assessment on the suggested s ...

Question 1200 words on your favorite retailer and their

Question: 1200 words on your favorite retailer and their major competitor as discussed in class. This should focus on the different elements that make up the retail strategy of the companies and other factors that appeal ...

Question bulltype of paper assignmentbullsubject

Question: • Type of paper Assignment • Subject Other • Number of pages 1 • Format of citation Other • Number of cited resource s0 • Type of service Writing from scratch First, choose a piece of art from any genre (music, ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As