Professional Documents
Culture Documents
Department of Education
Region VI-Western Visayas
Division of Antique
ANTIQUE NATIONAL SCHOOL
T.A. Fornier St., San Jose de Buenavista, Antique
ENTREPRENEURSHIP
7Ps of Marketing and Branding
Quarter 1 – Module 3
Prepared by:
LOURENE J. GUANZON
Subject Teacher
This module was designed to provide you with fun and meaningful
opportunities for guided and independent learning at your own
pace and time. You will be enabled to process the contents of the
learning resource while being an active learner.
1. Product
What the business is marketing, either a tangible good or a
service the company performs.
2. Price
How much the product charges the customer or client.
3. Promotion
Any method that the company uses to market its products or
services, including advertising, direct mail, public relations and
content marketing among other methods.
4. Place
It is where the product is distributed, where it is sold, how
customers may come across it.
These “4Ps” reveal the key top-level marketing decisions the
company must make for each product or service it sells.
Activity 1.1
Direction:
Activity 1.2
Activity 1.3
But in the past years there are three (3) addition components in
the transition of 4P’s to 7P’s namely: people, packaging and
positioning also called the extended marketing mix.
1. PRODUCT
CATEGORY OF PRODUCT
A. According To Use
B. According To Durability
Durable goods are goods that can be used for long term period.
(Ex. Appliances, motors and vehicles and others)
C. According To Tangibility
2. PLACE
3. PRICE
It is an amount of money paid by the consumer in exchange to the
product.
Here are some of the factors that may affect the price of a certain
product:
B. Price Objective
Manufacturers may adjust the price higher or lower than its
competitor depending on its market goal. Giving discounts or
rebates to the product is an example of price objective.
4. PROMOTION
It is a process of communication strategies to persuade or
encourage customers to increase the demand and create loyalty
to the product.
There are some commonly methods of promotional mix. Let us
study each method.
A. Advertising
It is the most popular paid form means of promotion ideas to
persuade consumers through different medium such as
newspapers, social media, television, etc.
B. Publicity
It is a not paid form of communication by an enterprise which may
consider as public relation. This includes allowing public
interviews, charitable donations, conducting trainings related to
your business and etc.
D. Sales Promotion
It is designed to encourage consumers through temporary
incentives like giving tokens, serve as a gift, rewards and others.
5. PEOPLE
It is the most significant element in the product and also in services.
People refers to the manpower who provide support to the
products. They are the one who produce, promote and deliver the
goods and services to the consumers.
(Ex. Factory workers, sales person, customer service
representatives etc.)
6. PACKAGING
PACKAGING TECHNIQUES
A. Unique Packaging
Packaging design with distinctive appearance better than the
enterprise’s competitor.
B. Functional Packaging
It is the easiest way to increase the existing package of the product
to provide comfort and enjoyment of the consumers.
QUARTER 1-MODULE 3 Entrepreneurship
C. Safe Packaging
Packaging are designed to be tested and proven to the safety of
the consumers such as tightly sealed chemical products to avoid
leak, sealed caps for medicine to secure the safety of children and
many more.
E. Promotional Packaging
Packaging are developed to promote the interest and satisfaction
of the consumers. The benefits and advantages of the product are
most written on the package. Supplement foods and beauty
products are some examples of promotional packaging.
7. POSITIONING
Examples:
1. A cellphone producer positioning its product as a value user-
friendly device.
2. Fast food chain claims its product to be the cheapest meal
provider.
QUARTER 1-MODULE 3 Entrepreneurship
A. Position In Advertising
B. Position In Price
Activity 2
What Is Branding?
Don’t think about what you think but rather know about what they
think. Focus and start from the needs of your market, hence you
are answering “HOW” you care. If markets known, you from a
service oriented company don’t offer them a product instead
provide them something they need.
Activity 3
Directions: Read carefully and perform what is being asked. Use
separate sheet of paper to answer.
You are a budding businessman and is finally done with the initial
step in establishing a business. Develop a brand name using the
following format.
I. Your Identity
Mission: ____________________________________________
Vision: _____________________________________________
Demographics- ______________________________________
Needs/Wants- _______________________________________
QUARTER 1-MODULE 3 Entrepreneurship
Competitor 2:
A. How are you similar with your competitor? _______________
B. How you are different with your competitor? ______________
C. What is your edge? _________________________________
V. YOUR IMAGE
Brand Identity. List at least three (3) adjectives that describe your
product.
1.
2.
3.
Tagline:
____________________________________________________
____________________________________________________
Reflection
Athuraliya, Amanda. (2019, February 26). How to Develop an Effective Marketing Mix/
Ahat are the Marketing Mix Elements. https://creately.com/blog/diagrams/elements-of-
marketingmix/#:~:text=Importance%20of%20Marketing%20Mix&text=Helps%20with%2
0planning%2C%20developing%20and,is%20suitable%20for%20y our%20customers
Sisk, Annie. (2018, November 02). What is the importance of marketing mix in the
development of a marketing strategy and tactics? https://bizfluent.com/info- 8132703-
importance-development-marketing-strategy-tactics.html (by Annie Sisk)
Lake, Laura. (2019, September 19). What the Marketing Mix Is and Why It is
Important?https://www.thebalancesmb.com/what-is-a-marketing-mix- 2295520
Websites:
Lauren, Lynn. (2019, February 02). What is Positioning in a Market Plan? Small
Business/Advertising and Marketing/Marketing Plan.
https://smallbusiness.chron.com/used-marketing-sales-23251.html
Tracy, Brian. (2004, May 17). Million Dollar Habits: Entrepreneur Press. The 7Ps of
Marketing Mix (An Excerpt).
https://www.google.com/amp/s/www.entrepreneur.com/amphtml/70824
Hanlo, Annmarie. (2019, August 13). How to Use the 7Ps of Marketing Mix?-Smart
Insight. https://www.google.com/amp/s/www.smartinsights.com/marketing-
planning/marketing-models/how-to-use-the-7ps-marketing-mix/amp/
Healy, Sandra, (2013, June). Marketing Module Series:
https://www.google.com/url?sa=t&source=web&rct=j&url=http://publicatio
ns.dyson.cornell.edu/outreach/extensionpdf/2013/Cornell-Dyson-
eb1309.pdf&ved=2ahUKEwjslfqGvf7qAhXPMHAKHUNCAIUQFjAQegQIBhAB
&usg=AOvVaw38tR5m272ZU-nGau_5j2Js
https://www.brandingmag.com/2015/10/14/what-is-branding-andwhy-is-
it-important-for-you-business/
Punchy 6 fun brand workshop exercises Retrieved July 22, 2020 from
https://www.punchy.com/blog/6-fun-branding-workshop-exercises
What is a Trademark |Law Firm in Metro Manila | Retrieved July 23, 2020 from
https//ndlaw.com/what-is-a-trademark/
Why Some Brands Are More Attractive Than Others Retrieved July 25, 2020 from
https://www.invetopedia.com/terms/b/brand-personality .asp