Topic 1.3

Marketing mix and strategy

Understand the decisions behind the marketing mix. Explore how businesses balance the design mix, develop brands, choose promotional methods and set prices. Then examine distribution, the product life cycle and the Boston Matrix.

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0 of 28 lessons complete. Only Secure and Mastered lessons count towards this total.

1.3.1

Product/service design

31 min

The design mix of function, aesthetics and cost, plus social trends: resource depletion, waste minimisation, reuse, recycling and ethical sourcing.

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1.3.2

Branding and promotion

58 min

Promotional methods, types of branding and rebranding, the benefits of a strong brand, and building brands online.

0% complete · 0 of 7 lessons complete

1.3.3

Pricing strategies

51 min

Cost plus, skimming, penetration, predatory, competitive and psychological pricing, and the factors that decide which to use.

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1.3.5

Marketing strategy

54 min

Product life cycle, extension strategies, the Boston Matrix, product portfolios, mass, niche, B2B and B2C strategies and customer loyalty.

0% complete · 0 of 7 lessons complete