Physical evidence embraces all corporate tangibles that customers perceive through their senses—sight, sound, touch, taste, smell. In essence, it forms the service environment in which the service is offered and delivered; setting the stage for the experience that is delivered.
Understanding Physical Evidence in the 7Ps Marketing Mix Find Out More...
Explore how the unique characteristics of services marketing shapes the way businesses market services, by looking at intangibility, inseparability, perishability, variability, and heterogeneity.
What are the Unique Characteristics of Services Marketing? Find Out More...
Discover the limitations of cost-plus pricing and its potential impact on your business. Learn about the key disadvantages, including a lack of consideration for competitive pricing, customer value, and profit maximization, among others.
Disadvantages of Cost-Plus Pricing Find Out More...
Are you looking to improve brand awareness? Find a list of over 40 tactical ideas to enhance the awareness of your brand.
How to Improve Brand Awareness Find Out More...
In addition to driving profits, pricing has a key role in the marketing mix and overall positioning.
The Role of Price in Marketing Find Out More...
There is a direct relationship between the firm/brand’s marketing strategy and its marketing mix design. A marketing mix should be the execution of the firm’s marketing strategy.In other words, marketing strategy is implemented through the combination and design of the marketing mix elements to meet the identified needs of a selected target market.Please note that
Marketing strategy and the marketing mix Find Out More...
Any organization/brand is faced with an almost unlimited selection of choices and opportunities in the marketplace. For example, there are literally thousands of different ways that firms can choose to promote their activities. There are millions of different products available in the marketplace that firms can choose to produce and market.So how does a firm/brand
How marketing strategy guides marketing decisions Find Out More...
When a firm or brand strives to create and distribute a product that delivers utility for the end consumer, there are five types of different utilities that may be generated, these are: Form utility, Task utility, Time utility, Place utility, and Possession utility.
What is Utility in Marketing? Find Out More...
In marketing textbooks, consumer products are often shown classified into one of four classes – namely, convenience products, shopping products, specialty products, and unsought products. This is a very old marketing model that is still current and relevant today.There are several articles on this website discussing the specific marketing implications and marketing mix guidelines for
Quick marketing checklist for consumer products Find Out More...
In marketing textbooks, when discussing the product mix, the consumer product classification system is usually discussed. Please note that there are several articles on this website relating to the consumer product classification system, such as how products are classified, examples of the different classes, and why this classification system is used.As you probably know, consumer
The marketing mix for convenience products Find Out More...
