Business & ManagementIB

Technology and the e-commerce marketing mix

Technology and the e-commerce marketing mix...Product...Companies can give 360° views of a product...Price...Price transparency is much higher as you can just look...
Technology and the e-commerce marketing mix

Product

  • Companies can give 360° views of a product.
  • Comment sections help to boost the reliability of a brand.
  • Interactive websites can allow for customisation of products.

Price

  • Price transparency is much higher as you can just look at other websites for comparison products.
  • Without physical stores and workers, many fixed costs are reduced.

Promotion

  • Many companies use web banners to advertise on other websites.
  • Social media marketing.

Place

  • There is less spent on a physical store.
  • This can be slightly impersonal and might stop buyers from buying.
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