Why Is It Important To Use The 7 Ps In A Marketing Research Assignment?
Marketing is a vast subject that is inclusive of a lot of concepts and subtitles such as advertising, public relations, business communication, management, retail marketing, the 7 Ps of marketing, Digital Marketing and whatnot. It is considered to be an approach that is inclusive of various processes to commute the services and good to the target audiences.
Students, who are currently pursuing the course code of marketing goes through a variety of topics that is a whole subject in itself. This is why students spend all day and night understanding and learning about the course code in depth for examinations and then using that same knowledge in their internship and part-time jobs. To avoid a situation of bad grades in the university, students, therefore, should take-up marketing Assignment Help from the experts and professional academic writers.
Importance Of 7 Ps In The Research Assignment Of Marketing
7 Ps is considered to be a very important part of any kind of marketing-related assignments, especially the research assignments. Just like SWOT analysis, the 7 P’s of marketing makes it easy to understand the product, price, place, promotion, packaging, process, and physical evidence for the good or services to be marketed.
- Product refers to the goods or services that the company is about to sell
- Price refers to the basic cost of the product that is being decided upon or that should be.
- Place refers to the location where that goods or service are needed the most and where its selling rate is highest
- Promotion refers to the strategy through which the product will be advertised.
- Packaging refers to the way your product will be sold. Its cover and wrapping is done according to the need of selling
- Process refers to the way the product or the services would be marketed through. For example- any website or network.
- Physical Evidence refers to some kind of real evidence to prove the authenticity and usefulness of the product.
With this, one must understand the importance of 7 Ps of marketing which are:
- It helps the organisation or the company to prepare the product with perfection and keeping in mind various factors.
- Helps to develop a new product
- Helps to increase the portfolio of the product or the services
- It helps and guides the company to improve the business
- It helps the product and the company to become dynamic and different in all aspects.
Process To Write A Marketing Research Paper
There are five basic steps to write down a research paper in the subject course of marketing, which are:
- Identify and define the problem
- Prepare a research hypothesis and objective
- Plan and construct a plan for your research study
- Plan a sample and create the first draft
- Research well and gather all the facts while giving solutions to your hypothesis.
- If you are still not able to do so, get in touch with experts and professional academic writers who will provide you with the best marketing assignment help. They will also make sure that when you get marketing assignment help in Australia, your assignments hold in original content and are plagiarism-free.
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