The marketing mix is used within the implementation of the marketing strategy. Please select one of the industries listed below, and search for information about the marketing mix used by at least two companies in your selected industry:
soft drink,
fast food/restaurant,
hotel,
cell phone provider,
banking,
automobile,
airline, or
entertainment.
Provide an example of the four areas of the marketing mix—product, price, placement, and promotion—used by each of your selected companies.Discuss where their marketing mix strategies are similar and where they are different. Explain why. Identify the product positioning and brand strategy used by your two chosen companies. Relate the importance of product positioning to their brand strategy.Also, consider the element of ethical promotion and social responsibility toward consumers.In addition to company websites, http://www.ibisworld.com/ and http://www.mergent.com/ are excellent resources to find information about markets and individual companies.Your research project must include an introduction. You must also reference two articles from business-related or news websites; therefore, your essay should be supported by at least three sources.
Sample Solution
