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The Fundamentals of the Global Marketing Mix
The Fundamentals of the Global Marketing Mix

... the right time. • Measurement - Monitoring and evaluation of activities to ensure that they remain on course and works as they should. ...
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... These customers are not very price sensitive. They weigh the new product’s price, and quality against the same characteristics of substitutes. As consumer demand is satisfied, the firm lowers the price to attract another, more price-sensitive segment. Skimming pricing gets its name from skimmi ...
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Marketing channel

A marketing channel is a set of practices or activities necessary to transfer the ownership of goods from the point of production to the point of consumption. It is the way products and services get to the end-user, the consumer; and is also known as a distribution channel. A marketing channel is a useful tool for management, and is crucial to creating an effective and well-planned marketing strategy.Another less known form of the marketing channel is the Dual Distribution channel. This channel is a less traditional form that allows the manufacturer or wholesaler to reach the end-user by using more than one distribution channel. The producer can simultaneously reach the consumer through a direct market, such as a website, or sell to another company or retailer that will reach the consumer through another channel, i.e., a store. An example of this type of channel would be franchising.Roles of marketing channel in marketing strategies Links producers to buyers. Influences the firm's pricing strategy. Affecting product strategy through branding, policies, willingness to stock. Customizes profits, install, maintain, offer credit, etc.↑ ↑ ↑ ↑ 4.0 4.1
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