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LESSON 4 - 7P's of Marketing Mix
LESSON 4 - 7P's of Marketing Mix
Table of contents
01 02
Unique Selling
Value Proposition
Proposition
03 04
Fundamentals of
7P’s of Marketing Mix
Brand Management
Guess what?
Product Place
Price Promotion
3P’s
People Packaging
Process
P1: PRODUCT
any physical good, service, or idea that is created
by an entrepreneur or an innovator in serving the
needs of the customer and addressing their
existing problems.
3-Level Concept
Level 1:
Core
Level 2: Benefits
Physical
Level 3: Characteristics
Augmented
Benefits
P2: PLACE
refers to a location or medium
of transaction
P3: PRICE
peso value that the entrepreneur
assigns to a certain product or
service
Pricing
Strategies
Penetration
Bundling
pricing
Competitive
Skimming
pricing
Pricing
Strategies
Product line Psychological
pricing pricing
Premium Optional
pricing pricing
Pricing
Strategies
Cost-based
pricing
Cost plus
pricing
Cost Classification
Variable costs
or Fixed costs or
Controllable Uncontrollable
costs costs
P4: PROMOTION
involves presenting the product or
services to the public and how
theses can address the public’s
needs, wants, problems, or desires
Promotional Tools
Advertising Selling
Sales Public
promotions relations
P5: PEOPLE
play a vital role in servicing
customers even though the
entrepreneur sells only physical
goods
P6: PACKAGING
overall identification (look and feel)
of the product or service
P7: PROCESS
a step-by-step procedure or activity
workflow that the entrepreneur or
employees follow to effectively
and efficiently serve customers
Fundamentals
of Brand
Management
Brand
refers to the identity of a
company, of a product,
of a service, or of an
entrepreneur
Brand Management
supervision of the tangible
and intangible elements of
a brand
Branding
process of integrating the
strategies formed from the
marketing mix to give an
identity to the product or
service
Name it!
rubber
toothpaste smartphone
shoes