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value="product"/> </form> </a> </div> </div> <div class="col-lg-4 col-md-4 col-sm-4 col-xs-12"> <div class="site-branding"> <h1 class="site-title"><a href="#" rel="home">{{ keyword }}</a></h1> </div> </div> </div> </div> </div> <div id="header-section"> <nav class="primary-menu style-4 navbar navbar-default " id="primary-menu" role="navigation"> <div class="navbar-header"> <div class="container"> <div class="collapse navbar-collapse pull-left" id="bs-example-navbar-collapse-1"> <ul class="nav dropdown navbar-nav default-nav-menu" id="menu-primary-menu"><li class="menu-item menu-item-type-post_type menu-item-object-page menu-item-home menu-item-2639" id="menu-item-2639"><a href="#">Home</a></li> <li class="menu-item menu-item-type-post_type menu-item-object-page menu-item-2387" id="menu-item-2387"><a href="#">About</a></li> <li class="menu-item menu-item-type-post_type menu-item-object-page menu-item-2400" id="menu-item-2400"><a href="#">My account</a></li> <li class="menu-item menu-item-type-post_type menu-item-object-page menu-item-2388" id="menu-item-2388"><a href="#">Contact Us</a></li> </ul> </div> </div> </div> </nav> </div> </div> <div class="" id="content"> {{ text }} <br> <br> {{ links }} <footer class="ostore-footer"> <div class="footer-coppyright"> <div class="container"> <div class="row" style="text-align:center;color:#FFF"> {{ keyword }} 2020 </div> </div> </div> </footer> </div> </div></div></body> </html>";s:4:"text";s:5193:"<br>The four important types of retail marketing mix are discussed below: Every organization has a product mix that is made up of product lines. Channel decisions affect considerably the elements of marketing mix and involve a long term commitment of resources. It refers to the length (the number of products in the product line), breadth (the number of product lines that a company offers), depth (the different varieties of product in the product line), and consistency (the relationship between products in their final destination) of product lines. !ÛõZ¥ÒÕ§pOÙ×7®¨Íh!ñPÒÁÊú{nÑè¢Ü;ã¡8#4*9,µôð|ª~Û¿ôÖ4ÔÕ^t±¥õϾú,d×QMÉ«3yc§4%~±ª÷bä4upëôÚ#'51²06yÛ\"vxD¼ø0g\º§)aÕ85 zHÜÀÚN¢fÆ ¿vï _g.¯Qigd¤® Ú÷®Ï.Výù In order to be successful in the retail business, it is essential to form strong relationships with your customers. èô*öÐA)è¦êB(*ýÀQìdPÈÓ"BÆ£HñÅyh5ÿ The success of marketing efforts, to a large extent depends on the sound distribution network. A considerable coordination is required among various channels to seek maximum results of marketing operations. Small retailers generally depend on point-of-purchase material provided by the companies which provide the merchandise. The organization wants mix of promotional media which can support their sales event & thus. << /Filter /FlateDecode /Length 575 >> Retail_Group 11.pdf - Retail Marketing Group Assignment \u201cCommunications Mix Case\u201d Submitted to Prof Sapna Parashar Date of Submission Submitted by, The case is all about a consumer electronic chain which has focused on the promotion aspect, Since, no upper value of promotion budget is given, we have assumed that the consumer chain. A retail mix, defined, is the marketing plan put in place to address key factors such as location, price, personnel, services, and goods. á1´÷ëêÝ;\8\ãÒ¨Æ~0 6ñ8;endstream Promotion mix employed by the retailers should be compatible with the desired store image, provide scope for modification if need arises and fit within the budget allocation. The difference between price and cost is the profit, which can be very high when the salesperson wants to exploit an urgent situation. Content Filtrations 6. It is the factor which makes or mars a retail organization. Following are the components of a retail price mix: After deciding upon the budget, retailer should determine the appropriate promotional mix – a combination of advertising, public relations, personal selling and sales promotion. These efforts also aim at building store image. Full Text: PDF DOI: 10. H|TKÛ ¾çWpJvÁlKUmOzómUUÔÄ®Uÿ}c¶Ýö`ÃÒ9ôïOt`YIϰVа¬%ýÊJo°þPÖ¨/,«)^:.pwgðe>à }èÂ[Z½D1qäVÅ$ÚÿD aíÁ«uy°ê³J.ôÌZ:¡êzw~Þçô¬S[ÒóLT"ÝÎ. radio, newspaper advertising along with the direct mailing with the help of flyers. The most common modes used for promotion are advertising, sales promotion, personal selling, public relations and publicity. Course Hero, Inc. Report a Violation, Retail Marketing: Useful notes on Retail Marketing, Retail Marketing Segmentation: Concept and Significance. It is also the easiest and quickest element to change. Therefore, promotion mix used by the retailer should be compatible with the desired store image, budget allocation and flexible enough to modify whenever need arises. Retail Management 2 "In my whole retailing career, I have stuck to one guiding principle: give your customers what they want…and customers want everything: a wide assortment of good quality merchandise, lowest possible prices, guaranteed satisfaction with what they buy, friendly knowledgeable service, convenient hours, free parking, and a pleasant shopping <br> View Retail_Group 11.pdf from MARKETING 102 at Nirma University, Ahmedabad. The retail mix is … Costs and operating expenses are equally important while establishing the retail price. <br> <br>There are two major components of place: marketing channels and physical distribution (logistics management). rä¯\æ!ÅU CJlñ Û Pricing needs certain considerations before actually determining it. 21 0 obj Prohibited Content 3. <br> <br>The four important types of retail marketing mix are discussed below: 1. Once the target market is identified and positioning strategy defined, the retailers employ various tools of product mix to reach out to consumers. ... Planning Merchandise Assortments -Buying systems Buying merchandise and Retail Communication Mix. WAL-MART’S RETAIL MIX Location Pricing Communication Mix Store Design and Display Customer Service Large Number of Categories Few Items in Each Category Assortment Strategy 44. The ‘Product’ Mix: Every organization has a product mix … Module – 5. But pricing cannot be determined in isolation. Physical distribution involves transportation, warehousing, material handling, bulk packaging etc. The market position of the product, consumer perception and stage of the product life cycle, competitor’s strategy and overall marketing strategy needs to be considered. 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