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Marketing Mix Paper
MKT 421/ Marketing
Instructor: Ellen Thomas
Sharron Milne
January 29, 2007
Marketing Mix Paper
Introduction
Purpose:
Organizations use elements of the marketing mix like a chef uses the elements of a recipe. If an element of a recipe were used alone, the end product would not taste very good, but if the elements are used in the right proportions, the recipe works. Organizations use the elements of the marketing mix in the same manner. The purpose of this paper is to describe the elements of the marketing mix, product, place, price, and promotion. The paper will use an organization to describe how each of the four elements of the marketing mix affects the development of the organization's marketing strategy. The paper will also describe how the organization implements each of the four elements of the marketing mix.
Motorola and the Marketing Mix
Product:
Organizations need to identify who will be interested in buying their products or services. Once this is done, they need to see if their products or services will satisfy their customers' needs. An organization also needs to examine the packaging design, the materials used, and size. By analyzing the market requirements, an organization will be able to change the product or develop a product in order to match those requirements. In the wireless phone industry there are new products constantly being introduced. In the case of Motorola the product is the cell phone.
Considered by many as an essential part of their lives, the cell phone performs more functions today than it did just a year ago. It serves as a communication device, a source of entertain ...