Exam code:7131
The importance of an integrated marketing mix
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An integrated marketing mix is one which combines each element in the best, most consistent way
Why having an integrated marketing mix matters
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One clear message
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All parts of the mix (product, price, place, promotion) tell the same story, so customers quickly understand what a brand stands for
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Trust
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When a brand behaves the same way everywhere, people believe its promises and feel confident buying again
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Effective use of money
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As every part supports the others, the business wastes less on advertising, pricing experiments or product features that do not fit
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Harder for rivals to copy
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Competitors can match a single advert or discount, but it is tough to copy a whole, cohesive package
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Examples of integrated marketing mixes
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Brand |
How the 4 Ps work together |
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IKEA |
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Starbucks |
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Influences on developing an integrated marketing mix
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Influence |
Explanation |
Example |
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Product life cycle stage |
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Boston Matrix position |
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Type of product (consumer vs industrial, convenience vs luxury) |
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Marketing objectives |
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Target market characteristics |
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Competition |
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Brand positioning |
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Digital marketing and e-commerce
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E‑commerce is the buying and selling of goods or services over the internet, including payment and distribution
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Digital marketing is the use of online channels (websites, social media, email, search engines, apps) to promote products and engage customers
How digital marketing and e-commerce support the marketing mix
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Element |
Explanation |
Example |
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Product |
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Price |
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Place |
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Promotion |
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People |
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Process |
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Physical evidence |
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Responses