Marketing Mix

When developing a marketing strategy, the marketing mix must deal with four marketing issues. These are products, price, location, promotion. All of these will bring out the full potential of the marketing strategy. Products are products that can be sold. This will be a service, a physical project, or an idea. It is important to define the product to define the target market.

A marketing mix (also called 4 P) is a model that forms the basis of marketing. A marketing mix is ​​defined as "a set of marketing tools that companies use to achieve their marketing objectives." Therefore, the marketing mix means four broad marketing decisions: product, price, promotion, and location. The way of marketing has occurred thousands of years ago, but marketing theory appeared in the early 20 th century. The modern marketing mix, or 4P, has become the primary framework for marketing management decisions and was first released in 1960. In service marketing, the use of an extended marketing mix, which normally includes 7 P, consists of the original 4 P, personnel, and physical evidence throughout the process. Service marketers may refer to 8 P, including these 7 P and performance.

The term "marketing mix" was born in the early 1960s and is one of the most popular phrases in marketing. What is a marketing mix? In the article titled "The concept of marketing mix" by Neil H. Borden, four elements that actually make up the marketing mix are explained. The four marketing elements of the mix is ​​a marketing strategy for all purposes and purposes for effectively executing marketing campaigns. These elements are called 'four P' and represent goods, price, place, promotion.

The concept of marketing mix is ​​very important in business, especially marketing. The elements of the marketing mix include key strategic elements of the marketing plan. In this case, the concept of marketing mix includes price, product, location, and promotion. Based on this, the regional aspect represents the country of origin of the product being sold. Through this combination, offers offered to customers can be changed by changing mixing elements. A good example here is to focus on promotion while lowering product prices to increase sales. By studying the Renault case study (McDaniel and Gates 1998: 3), this research will explore the concept of this marketing mix.