Homework: Marketing Mix
When you think of the types of services there are, what comes to mind? Some examples could be wireless networks, lawn maintenance, house cleaners, banks, and more. How about products? From phones and televisions to cars and potato chips, the list could likely go on as endlessly as the list of services. Some businesses offer both services and products. Most restaurants, for example, provide a product (beverages and meals) as well as a service (pouring drinks, cooking food, serving tables, cleaning dishes). Although there are many types of services and products, it is important to distinguish between them when considering the marketing mix. The approaches needed for certain aspects of the marketing mix can be different for services and products.
In this Homework, you will identify the four Ps of the marketing mix and examine how they differ when applied to services versus products.
To prepare for this Homework:
o Review this Learning Resources.
o Refer to the Academic Writing Expectations for 2000/3000-Level Courses as you compose your Homework.
Submit your responses to the following prompts.
o Identify each P in the marketing mix and explain what each P is. (300-375 words, or 4-5 paragraphs)
o Identify the similarities and differences between the marketing mix of a service such as a mortgage versus a product such as an automobile.
Format your homework according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the homework, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.