Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
. What is the marketing mix? What are the four elements of the marketing mix
What is the marketing mix? What are the four elements of the marketing mix
Four marketing mix elements
Don’t take our word for it - see why 10 million students trust us with their essay needs.
5. Positioning Strategy
Electro-Guard offers customer’s Business, home and family 24 hour security monitoring from burglary, fire and carbon monoxide dangers while simultaneously monitoring other critical conditions, such as temperature and flood. Using advanced communication technology, Security Alarms deliver fast, reliable home security services at a reasonable cost. The most important difference between Electro-Guard and competitors is also the brand’s most important distinguishing feature. The manufacturing plant at offshore location that help with having significantly lower cost of manufacturing products without compromising on the quality of the product.
6. Marketing Mix Elements
a. Product
Electro-Guard have Monitored Alarm
…show more content…
Distribution (Place)
The marketing team proposed placing Electro-Guard in big retail stores including web stores besides real state agencies to catch attentions from prospective customers. This placement strategy facilitates the introduction of the product, stimulates conversations about the product while also allowing the customer to try the product. Examples of strategic placement include bricks and mortar locations as well as house or business locations demo sales events (i.e. Open house).
In the first phase of the marketing strategy will be a push phase which will be reassessed when the revenue generated sales has established a pattern of profitability. When this target has been met the marketing team suggests a review of this strategy with the expectation that a pull strategy is sustainable. The marketing team wants to deliver this high quality product with a high level of customer support. Customers will need time to learn about the product and that they will appreciate the opportunity to try the product. The combination of a high quality product supported by a committed marketing team in person, at key locations, and with online support to answer questions will stimulate interest and create a positive
For fire protection, the Station has a local fire alarm system with manual pull stations and heat and smoke detectors.... ... middle of paper ... ... Sound and Video Contractor Online. http://svconline.com/mag/avinstall_safe_sound/ ABC news http://abc.com
Nevertheless, it must “defend” its current market share if not increase it, by maintaining premium quality and develop innovative products. The marketing mix strategies will effectively achieve targeted revenue and profitability in the near future.
Our original marketing plan was not a plan at all. We wanted to see success and focused on revenues, net sales, and stock price to gauge whether we were doing what was best for the company. We made sure to locate a target market and base our promotional tactics on what young and mature families want and need. We ensured that we did the right thing in the face of adversity, especially when concerning intercompany issues and product tampering. We wanted to make sure that we were selling great products that did their intended job at a fair price, and made sure our products were easily accessible to consumers.
Retailers rely on product positioning to bolster the value of their products. Determining product positioning requires the analysis of target customers, the market competition, the definition of competitive advantages, and the communications needed to deliver the chosen position to the consumer. Kohl’s is an example of a department store that has successfully deployed a pricing a retail strategy, which evaluates and incorporates price, place, product, and promotion.
There will be more experiential marketing towards the beginning of a new line extension/product, to promote brand switching from the competition products while creating brand awareness at the same time based on the value creation of each new line/product. The reduction in advertising budget due to high brand awareness of Allround will help us allocate more financial resources towards experiential marketing. As a team, we agreed that this was the best way to draw in more customers with heavily affecting the bottom
Place (channels of distribution), refers to the point of sale (POS). The method of which a product is assessable to the consumer is a crucial part in the distribution of goods. Retailers pay top dollar for prime real-estate, one of the most popular saying in business is “location, location, location”. Location is key in the retail market and Victoria’s Secret understands that very well, they offer a number of outlets for consumers to reach their products; they have a number of physical store locations both inside and outside of the mall and centrally located to consumers, including overseas and in a number of countries throughout the world, offer online shopping for the millennial and convenience shopping as well as via catalogue (mail order). There is great utilization in all outlets for distribution of the product line; Victoria’s Secret ensures high engagement of its consumers in all outlets by offering special sales and promotions significant to the specific outlet. By doing this they appeal to each market
Surveillance is the monitoring of behaviour. In addition, surveillance system is the process of monitoring the behaviour of people, objects or processes within systems for conformity to expected or desired norms in trusted systems for security control (Cohen and Medioni, 1999). Video surveillance systems have existed 25 years ago whereby it started with 100% analogue system and gradually becoming digital system. The closed-circuit television (CCTV) camera is the most popular video surveillance because of its reliability and low price. The camera does not broadcast images but it records them, so that user can always check to see what occurred while they were away. It is widely used at public spaces and residences for security purposes.
Businesses and organizations have been applying the theory of push and pull in one way or another in their marketing activities. When the business initiates the marketing activity, it is defined as a push and when the customer is the one who initiates the activity, it is referred to as a pull. By pushing solutions to customers the business or organization assumes it can anticipate the needs of the customer in advance and develop a solution. Pushing a solution is perceived as efficient as the amount of time spent interacting with the customer is minimized. However, the push model has become more difficult to implement as organizations are realizing that they are sacrificing effectiveness for the
The smart home is classified as home automation in the purest sense. Several software and completing hardware devices make the life of living within a home more comfortable and safe. One of the popular security (safety) devices is the CCTV camera. The same camera collects in video form the entry or exit of suspected criminal elements. The home owners do not
There are hundreds of occupation around the world, few of which anyone would want to do. Being an electrician is one of them. Electrician keep lighting, electrical system around a building and generator working. Being an electrician can also be dangerous. You can die if you get Electrocuted by touching cables that have running current through them.
When a business aims to be as successful as possible in selling its products and services, it must examine in detail whether or not the products will be attractive and necessary; if the price is optimal; if the product is being distributed in the best locations; and finally, how interest and awareness can be created for the products. In order for a business to target all of these elements at the right people at the right time, it must employ the right type of marketing mix: Product, Price, Place and Promotion.
Physical security cannot be wholly successful without the human factor element and the active support of these user groups. For example, when the aim is to protect a critical facility from attack or to provide access control for an office building it is necessary to engage people on the proper use of any security systems that are in place, for instance security alarms. If the alarm goes off and employees have no idea what it signifies
A security guard works in any building or area that needs protection from theft, fire, vandalism, and illegal entry. For every security guards job it depends on where they live and work. Every security guard has a different task. Some work in airports. If you work in an airport you might have to search travelers for weapons, explosives, or drugs. They may have also check cargo for illegal items. There are security guards that work museums and art galleries. These security guards have to make sure no one steals, damages, or touches artwork or historical artifacts. They also help people if they have questions and bring people to safety in case if there is a fire or an earthquake. In office buildings and factories, security guards have to make
· The Right Marketing Mix – Is the product right?, Is it sold in the
There are many elements affecting to the success of a launching. The basic factor is to develop product that satisfies consumers’ demands and maintain the brand promise. However, consumers are not only looking for the quality of product but also concerning about the price, the promotion and so on.