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4 p's of nike

4 p's of nike

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Published by: shahzaadch on Dec 23, 2009
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Saad AhmadBC07002Touqeer Ahmad ShahzadBC07011Rehmat AliBC07024Qasim ShahbazBC07027Mohammad Yousaf HaroonBC07039
UNIVERSITY OF THE PUNJAB GUJRANWALACAMPUS15th Oct 2009Submitted to:
Prof. HafizEhsan
NIKE
Nike is a global sports shoe giantcompany. It is the largest seller of athletic footwear in the world,holding the lion share of 33% of the global market. The companyhas production facilities in Asia,sales facilities in almost 200
 
NIKE
Marketing Mix (4P’s)
 
countries, and customer service and other operational unitsworldwide.The marketing mix or the 4 Ps of Marketing are Product, Price,Place (distribution) and Promotion. Nike's 4Ps are the following:
1. Product 
Nikeoffers a wide range of shoe, apparel and equipment products, all of which are currently its top-selling product categories. Nike started sellingsports apparel, athletic bags and accessory items in 1979. Their brandCole Haan carries a line of dress and casual footwear and accessories formen, women and children. They also market head gear under the brand name Sports Specialties,through Nike Team Sports, Inc. They sell small amounts of plastic productsto other manufacturers through Nike IHM, Inc. Bauer Nike Hockey Inc.manufactures and distributes ice skates, skate blades, in-roller skates,protective gear, hockey sticks and hockey jerseys and accessories.
2. Price
Nike’s pricing is designed to be competitive to the other fashionshoeretailers. The pricing is based on the basis of premium segment as targetcustomers. Nike as a brand commands high premiums. Nike’s pricingstrategy makes use of vertical integration in pricing wherein they ownparticipants at differing channel levels or take part in more than onechannel level operations. This can control costs and influence productpricing.
3. Place
Nike shoes are carried by multi-brand stores and the exclusive Nike storesacross the globe. Nike sells its product to about 20,000 retail accounts inthe U.S. and in almost 200 countries around the world. In the internationalmarkets, Nike sells its products through independent distributors,licensees and subsidiaries. Independent distributors need not adapt tolocal pressures because the 4Ps of marketing are managed bydistributors.
 4. Promotion
Promotion is largely dependent on finding accessible store locations. Italso avails of targeted advertising in the newspaper and creating strategicalliances. Nike has a number of famous athletes that serve as brandambassadors such as the Brazilian Soccer Team (especially Ronaldino,

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