What are the activities constitute the marketing mix, Marketing Management

Assignment Help:

What are the activities constitute the marketing mix

Collectively, the activities constitute the marketing mix -4Ps, as McCarthy (1960) originally referred to them - and the fundamental task of marketing is to combine these 4Ps into a marketing programme to facilitate the exchange process. Use of the 4Ps approach has been criticised as limiting the scope of the marketing manager. McCarthy's assumption was that tools of the marketing mix allow adaptation to uncontrollable external environment. It's now seen that external environment can be influenced and managed strategically and rise and influence of the service sector isn't easily accommodated within original 4Ps. To accommodate these factors, extra Ps, like Processes, Political Power and People, have been suggested. A marketing mix of 20Ps has even been proposed by some but essence of the mix remains the same and this deterministic approach has raised concerns and doubts about its usefulness in a marketing environment which is very different from that in which 4Ps were conceived.

 


Related Discussions:- What are the activities constitute the marketing mix

Discuss about the term http, Discuss about the term http. Http: ...

Discuss about the term http. Http: Http is stands for Hyper Text Transfer Protocol, The WWW protocol which performs the request and retrieves functions of a server. Gene

What is salesmanship in marketing, What is salesmanship in functions facili...

What is salesmanship in functions facilitating exchange? Salesmanship: Personal selling is a significant method of selling goods. This is widely used into retail marketing

Explain about peoples choices about the buying product, Explain about peopl...

Explain about peoples choices about the buying product. Peoples want to choose products which give the most value and satisfaction for their wealth. They know a product as anyt

Test marketing, explain the various approaches that are followed by FMCG co...

explain the various approaches that are followed by FMCG companies in test marketing

MARKET SECURITIES, IMPORTANCE OF MARKET SECURITIES TO THE GROWING ECONOMY

IMPORTANCE OF MARKET SECURITIES TO THE GROWING ECONOMY

Evaluate the concept of the product life cycle, Question 1: Evaluate th...

Question 1: Evaluate the concept of the "product life cycle" (PLC) as a strategic management tool. Use examples to show how components of the marketing mix alter and change in

Introduction -mis, INTRODUCTION -MIS The term Management Information S...

INTRODUCTION -MIS The term Management Information System (MIS) is of relatively recent origin and is widely adopted following  the accelerated use of computers in the early 19

Control of municipality over out-door advertising, Q. Control of Municipali...

Q. Control of Municipality over Out-door Advertising? Municipalities have been given powers to check as well as regulate outdoor-advertising in their respective municipality ar

Market crystallization, A market development stage is the one that refers ...

A market development stage is the one that refers to the attempt needed to recognize a latent market (i.e., organizations that share a like need or want for something that does no

Product lifecycle, Product Lifecycle The key terms include: 1. P...

Product Lifecycle The key terms include: 1. Product Class.    At the most generic stage, this phrase refers to all products from all competing producers that serve the

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd