C B OLLEGE OF USINESS Marketing New Ideas and Products The Marketing Mix Professor Aaron Ahuvia © Aaron Ahuvia 2013 What Is Marketing? 4P’s = Product Marketing Mix Marketing Promotion Price Mix Place (Retailing & Distribution) Customers Seek Benefits From Products In the factory we make drill bits But the customer buys a hole Product: What Main Benefits Do You Offer? Price: Monetary and Non- monetery Costs? Place: How Do People Access These Benefits? Costs to Access? Promotion: How Do Consumers Learn About Your Offer? BUSINESS (OR NGO) ORIENTATIONS? The Selling Orientation 1920 - 1950’s How do we persuade them to buy what we make? The Marketing Orientation 1950’s on “The aim of marketing is to make selling superfluous” - Peter Drucker (1993) How do we learn to make what they want to buy?
Description: