explain 7ps of marketing
Answers
Answer:
Once you've developed your marketing strategy, there is a "Seven P Formula" you should use to continually evaluate and reevaluate your business activities. These seven are: product, price, promotion, place, packaging, positioning and people.
Answer:
Products/Services
Prices/Fees
Place/Access
Promotion
Physical Evidence
People
Partners
Explanation:
Products/Services: How can you develop your products or services?
Prices/Fees: How can we change our pricing model?
Place/Access: What new distribution options are there for customers to experience our product, e.g. online, in-store, mobile etc.
Promotion: How can we add to or substitute the combination within paid, owned and earned media channels?
Physical Evidence: How we reassure our customers, e.g. impressive buildings, well-trained staff, great website?
People: Who are our people and are there skills gaps?
Partners: Are we seeking new partners and managing existing partners well?.