The Marketing Mix – The 4 P’s Is ‘Popcorn’ One of Them? Welcome to your first Marketing Internet journey! This journey will take you to many faraway places on the World Wide Web. You will explore The Marketing Mix and the 4 P’s of Marketing. The journey is sure to WOW you! Each member of our small class will become an expert on one of the four P’s and one of you will become an expert on The Marketing Mix. On your own you will answer the questions provided and prepare a PowerPoint slide show to share with the rest of the class. In your role as an expert on one of the four P’s you will: take notes on key topics and vocabulary words answer questions for your topics summarize the key points of your topic prepare content for your PowerPoint slide show present your slideshow (informally) to the class Your job as the expert requires you to teach your classmates all you can about your topic. Hang on and enjoy the ride! Mrs. Welsh Marketing Mix – The 4 P’s http://www.mindtools.com/pages/article/newSTR_94.htm http://www.netmba.com/marketing/mix/ 1. What is the Marketing Mix? 2. Draw a diagram of the Marketing Mix. 3. Which ‘P’ do you think is the most important and why? I. Pricing Questions http://www.netmba.com/marketing/pricing/ http://www.learnmarketing.net/price.htm 1. What is the definition of ‘pricing’ in relation to the Marketing Mix? 2. Why is pricing important in Marketing? How is the ‘right’ price determined? What are some of the factors to be considered? 3. Research and describe 3 or 4 different types of pricing. II. Product Questions http://www.archives.gov/preservation/products/definitions/products-services.html http://www.nwoinnovation.ca/article/describing-productservices-380.asp 1. What is product? 2. List and explain several factors that affect product decisions. Why are these factors important? 3. What is market segmentation? Why do you need to know what this means? III. Promotion Questions http://www.knowthis.com/types-of-promotion/promotion-mix http://smallbusiness.chron.com/difference-between-marketing-mix-promotional-mix24142.html 1. What are the four elements of the promotional mix? Research, describe and give examples of each. 2. Which element(s) do you think is most important and why? Does your answer to this question change depending on the product you’re promoting? 3. Which element is the least important and why? IV. Place Questions http://education-portal.com/academy/lesson/place-in-the-marketing-mix-definition-lessonquiz.html http://www.learnmarketing.net/place.htm 1. What are a few of the basic channel decisions? 2. What is the difference between place and distribution? 3. What is most important about the place decision and why?