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The Marketing Mix Of Marketing

Decent Essays

Marketing is essentially the act of creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. There are many important components of marketing, including the marketing mix. Generally, the marketing mix refers to the 4 P’s, product, price, place and promotion. Place is also referred to distribution, which is what will be discussed in the subsequent sections. Alternative strategies relating to distribution will be presented, a final strategy will be selected and the reasoning behind the choosing will be discussed. The alternative strategies will revolve around marketing channel, direct and retailer. Distribution intensity, exclusive and intensive along with channel intermediaries will be discussed in conjunction. Additionally, it should be noted that this discussion of distribution revolves around a backpack that is to be targeted at Outdoor Enthusiasts, in the simulation, Marketing Practice. It should be noted that intensive distribution was not a considered strategy due to the inability to successfully apply this intensity in the simulation given the target segment and product price.

A marketing channel is a set of interdependent organisations that facilitate the transfer of ownership as products move from producer to consumer. There are different types of marketing channels, some of which utilise channel intermediaries, which are individuals or firms that link producers to other intermediaries or

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