Neil H. Borden Has Listed the Following Elements of the Marketing Mix for Helping the Marketing Managers – Explained!
Neil H. Borden has listed the following elements of the marketing mix. This list can at best serve as a model and the marketing manager can rely upon it or can modify it as per his unique needs. Image Source: fedoraproxy.lib.virginia.edu Elements 1. Product Planning: (i) Products lines to be offered their qualities, design, etc. ADVERTISEMENTS: (ii) Market to sell – whom, were, and in what quantities.(iii) New product policy – R&D Programme. 2. Pricing: (i) Price level to be adopted.(ii) Specific prices to be adopted – odd, even, etc. ADVERTISEMENTS: (iii) Price policy – one price or varying prices; price maintenance; use of list prices, etc.(iv) Margins to be adopted for company, for trade. 3. Branding: (i) Selection of trade marks(ii) Brand Policy – individualised or family brands ADVERTISEMENTS:…