Services Marketing
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Chapter 9 : The Marketing Mix Elements
Marketing Mix in Traditional Marketing Inadequacy of Four Ps
Expanded Marketing Mix
Product Pricing Promotion Place People Process Physical Evidence
Chapter Summary
As we have learnt in earlier chapters, services are
characterized by their intangibility, inseparability, variability, and
perishability. Due to these characters, goods and services show considerable
differences. Therefore, the approaches for marketing each should also be
different.
The four Ps of the traditional marketing mix, viz., product, price,
promotion, and place, largely determine how well a company can use each
element to satisfy its customers and thus gain profits. A company should
design products that meet customers'needs, and develop a pricing structure
that customers find affordable and attractive.
Further, the benefits of using these products should be communicated to the
customers through suitable promotional strategies and should be delivered in
a cost-effective manner through profitable distribution channels. Service
providers have found that the four traditional Ps of the marketing mix are
not adequate for services due to the distinct characteristics of services.
These four Ps namely, product, price, promotion, and place, do not cover all
the areas of service production and delivery. Therefore, service providers
have added another three Ps to the traditional marketing mix. They are
people, process, and physical evidence. This chapter discusses all the seven
Ps of the services marketing mix in detail.
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