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The updated 7ps

Authored by Ma. Magno

Business

University

The updated 7ps
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18 questions

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1.

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1 min • 1 pt

often referred to as the Extended Marketing Mix or 7Ps of Marketing; provides a more comprehensive framework that reflects the modern marketing environment, especially in the service sector and digital marketing landscapes, where customer experience and service delivery are crucial.

(a)  

2.

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1 min • 1 pt

The Updated Marketing Mix include three additional elements:

(a)  

3.

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1 min • 1 pt

The 7Ps of Marketing:

(a)  

4.

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1 min • 1 pt

The distribution channels and locations where the product or service is available for customers to purchase; focus on ensuring that products are available in the right locations at the right time.

(a)  

5.

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1 min • 1 pt

The goods or services offered by a business to satisfy customer needs and desires; extends beyond physical goods to include digital products, services, experiences, and solutions.

(a)  

6.

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1 min • 1 pt

The amount of money customers must pay to acquire the product or service; crucial as they directly impact revenue, profitability, and customer perception of value.

(a)  

7.

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1 min • 1 pt

The activities that communicate the product’s benefits and features to the target audience to persuade them to purchase; encompasses advertising, sales promotion, personal selling, public relations, and direct marketing.

(a)  

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