Mod5 ENTREP Editedfinale
Mod5 ENTREP Editedfinale
com
12
Entrepreneurship
Quarter 1 – Module 5
7 P’s of
Marketing and
Branding
This instructional material was collaboratively developed and
universities. We encourage teachers and other education stake reviewed
by recommendations to ublic and private schools, colleges, and
educators from pholders to email there feedback, comments, and
the Department of Education at action @deped.gov.ph We
value your feedback and recommen dations.
Multiple Choice
Direction: Encircle the letter of the best answer.
1) It is a set of controllable and interrelated variables composed of product, place, price
and promotions that a company assembles to satisfy a target group better than its
competitor.
a. Price b. Marketing Mix c. Product d. Packaging 2) The amount
that a customer pays for to enjoy it.
a. Price b. Marketing Mix c. Product d. Packaging
3) An item that is produced to satisfy the needs of a certain group of people.
a. Price b. Marketing Mix c. Product d. Packaging
4) It is a tangible product. It’s example includes tires, MP3 players, clothing and etc.
a. Branding b. Positioning c. Goods d. Place
8) Responsible for every element of your sales, marketing strategies, and activities.
a. Packaging b. 7 P’s Model c. Marketing Mix d. People 9) How
a business creates awareness in the market?
a. Place b. Brand Name c. Services d. Promotion
www.shsph.blogspot.com
10) It is intangible. Its example includes hair salons and accounting firms
a. Place b. Brand Name c. Services d. Promotion
11) The ultimate marketing strategy.
a. 7 P’s Model b. Marketing Mix c. People 12) d. Branding
Where your product or service is actually sold.
What’s In
What’s New
Product refers to any goods or services that are produced to meet the consumers’
wants, tastes and preferences. An example of goods includes tires, MP3 players,
www.shsph.blogspot.com
clothing and etc. Goods can be categorized into business goods or consumer goods.
A buyer of consumer goods may not have thorough knowledge of the goods he buys
and uses. An example of services includes hair salons and accounting firms. Services
can be divided into consumer services, such as hair styling or professional services,
such as engineering and accounting.
2. PLACE
Place represents the location where the buyer and seller exchange goods or services.
It is also called as the distribution channel. It can include any physical store as well as
virtual stores or online shops on the Internet.
Channel 1 contains two stages between producer and consumer - a wholesaler and a
retailer. A wholesaler typically buys and stores large quantities of several producers'
goods and then breaks into bulk deliveries to supply retailers with smaller quantities.
For small retailers with limited order quantities, the use of wholesalers makes
economic sense.
4. PROMOTION
Promotion refers to the complete set of activities, which communicate the product,
brand or service to the user. The idea is to attract people to buy your product over
others. Advertising, Personal Selling, Sales Promotion, Direct Marketing, and Social
Media are examples of promotion.
5. PEOPLE
Your team, a staff that makes it happen for you, your audience, and your advertisers
are the people in marketing. This consists of each person who is involved in the
product or service whether directly or indirectly.
People are the ultimate marketing strategy. They sell and push the product. People
are one of the most important elements of the marketing mix today. This is because of
the remarkable rise of the services industry. Products are being sold through retail
channels today. If the retail channels are not handled with the right people, the product
will not be sold. Services must be first class nowadays. The people rendering the
service must be competent and skilled enough so that that the clients will patronize
your service.
Therefore, the right people are essential in marketing mix in the current marketing
scenario.
6. PACKAGING
Packaging is a silent hero in the marketing world. Packaging refers to the outside
appearance of a product and how it is presented to the customers. The best
packaging should be attractive enough and cost efficient for the customers.
www.shsph.blogspot.com
Packaging is highly functional. It is for protection, containment, information, utility of
use and promotion.
7. POSITIONING
When a company presents a product or service in a way that is different from the
competitors, they are said to be “positioning” it. Positioning refers to a process used
by marketers to create an image in the minds of a target market.
Solid positioning will allow a single product to attract different customers for not the
same reasons. For example, two people are interested in buying a phone; one wants
a phone that is cheaper in price and fashionable while the other buyer is looking for a
phone that is durable and has longer battery life and yet they buy the same exact
phone.
Brand Name is a name, symbol, or other feature that distinguishes a seller's goods or
services in the marketplace. Your brand is one of your greatest assets because your
brand is your customers' over-all experience of your business. Brand strategy is a
long-term design for the development of a popular brand in order to achieve the goals
and objectives. A well-defined brand strategy shakes all parts of a business and is
directly linked to customer needs, wants, emotions, and competitive surroundings
Experts believe that a good brand can result in better loyalty for its customers, a better
corporate image and a more relevant identity.
1) Purpose
"Every brand makes a promise. But in a market in which customer confidence is little
and budgetary observance is great, it’s not just making a promise that separates one
brand from another, but having a significant purpose," (Allen Adamson).
How can you define your business' purpose? According to Business Strategy Insider,
purpose can be viewed in two ways:
a.Functional. This way focuses on the assessments of success in terms of fast and
profitable reasons. For example, the purpose of the business is to make money.
b.Intentional. This way focuses on fulfillment as it relates to the capability to
generate money and do well in the world.
2) Consistency
The significant of consistency is to avoid things that don’t relate to or improve your
brand. Consistency aids to brand recognition, which fuels customer loyalty.
3) Emotion
There should be an emotional voice, whispering "Buy me". This means you allow the
customers have chance to feel that they are part of your brand.
You should find ways to connect more deeply and emotionally with your customers.
Make them feel part of the family and use emotion to build relationships and promote
brand loyalty.
www.shsph.blogspot.com
4) Flexibility
Marketers should remain flexible to in this rapidly changing world. Consistency targets
at setting the standard for your brand, flexibility allows you to adjust and differentiate
your approach from your competition.
5) Employee Involvement
It is equally important for your employees to be well versed in how they communicate
with customers and represent the brand of your product
6) Loyalty
Loyalty is an important part of brand strategy. At the end of the day, the emphasis on
a positive relationship between you and your existing customers sets the tone for what
potential customers can expect from doing business with you.
7) Competitive Awareness
Do not be frightened of competition. Take it as a challenge to improve your branding
strategy and craft a better value in your brand.
What’s More
Draw to Survive
Direction: Create a Concept Map for the 7 P’s of Marketing Mix in the box provided.
www.shsph.blogspot.com
Score Description
All P's should be compatible in marketing mix. The price is compatible with the
product's placement. The product must be consistent with the promotion. In general,
all P’s are connected intrinsically.
As a result, when you make a marketing mix, it becomes a chain of strong bonds.
Then these connections will lead you to lengthen the chain. Whenever you plan to add
www.shsph.blogspot.com
or change existing features, you need to see the general image which helps create a
fresh product in marketing mix.
What I Can Do
Look for newspapers or magazines. Find and identify pictures related to the P’s in
Marketing Mix. Cut out the pictures, sort and paste them on the box, then write a short
description on the line next to the picture.
PICTURE 1
PICTURE 2
PICTURE 3
PICTURE 4
www.shsph.blogspot.com
Rubrics for Scoring
Score Description
15 The table is complete with pictures and the descriptions are correct.
12 The table is lacking one (1) picture and the descriptions are correct.
9 The table is lacking two (2) pictures and the descriptions are correct.
6 The table is lacking three (3) pictures and the descriptions are correct.
3 The table is lacking one (4) pictures and the descriptions are correct.
I am going to show you some colors. For each one, write down the FIRST company
or product that comes in to your head when you see the color.
What’s the FIRST BRAND you think of when you see this colors?
www.shsph.blogspot.com
Rubrics for Scoring
Score Description
The diagram is complete with the right brand written in its corresponding
15
color.
The diagram is lacking one (1) with the right brand written in its
12
corresponding color.
The diagram is lacking two (2) with the right brand written in its
9
corresponding color.
The diagram is lacking three (3) with the right brand written in its
6
corresponding color.
The diagram is lacking four (4) with the right brand written in its
3
corresponding color.
Assessment
Identification
Direction: Write the word or phrase that is being described or
completes the thought of each statement.
Additional Activities
Pictionary Style
Direction: Follow the task guide below.
TASK GUIDE:
www.shsph.blogspot.com
Task 1. Invent a new product and give it a name. Sketch it.
Task 2. Once you have chosen the name for your product write a short explanation.
In your explanations you should describe your product and explain how and why you
chose its name.
Your Sketch
Here are some useful phrases that may help you with your tasks and explanations:
This is the end of Module five (5). You did a great job! It is Indeed an achievement.
Congratulations!!! Hard work pays off and you really proved it!!! Try to learn more
about Entrepreneurship in the next Modules. Thank you for being patient, honest, and
committed.
QUARTER CHALLENGE 1
Multiple Choice
Direction: Encircle the letter of the best answer.
O O O O 1. The entrepreneurs who create new ideas are called?
A. Innovative
B. Imitating
C. Fabian
D. Drone
O O O O 2. The entrepreneur who lives on the labor of others is called?
A. Drone
B. Fabian
C. Imitating
www.shsph.blogspot.com
D. Innovative
O O O O 3. These are entrepreneurs who are to follow the path shown by
innovative entrepreneur.
O O O O 5. Entrepreneur means:
A. Risk taker C. To research
B. To undertake D. To improve standard of living
O O O O 10. The entrepreneur who are skeptical about the changes in the company
is called?
A. Fabian B. Social entrepreneur
www.shsph.blogspot.com
C. Drone D. Imitating
O O O O 11. The following are the forces competing within the industry except
one:
A. Potential new entrants and Substitute Products B. Buyers and Suppliers
C..Rivalry among existing firms D. Needs and Wants
O O O O 12. They are the one that provides something that is needed or wanted.
A. Buyers C. Buyers
B. Competitors D. Sellers
O O O O 15. In Potential New Entrants the intensity of its threat will be affected by
the presence of the following barriers.
A. A and C C. A only
B. A, B, C and D D. All of the above
www.shsph.blogspot.com
O O O O 16. In rivalry among existing Firms the industry is attributable to the
following factors.
A. E and F C. A and B
B. A, B, C and D D. All of the above
O O O O 17. Which of the following includes the industry environment of the
business?
A. Competitors C. Creditors
B. Customers D. All of the above
O O O O 18. It is the process of considering, evaluating, and pursuing market-based
activities that are believed to be advantageous for the firm.
A. Opportunity seeking C. Opportunity screening
B. Opportunity seizing D. Sources of opportunity
O O O O 19. This is essential to opportunity seeking which allows the
entrepreneur to see things in a positive and optimistic light in the
midst of crisis or difficult situations.
O O O O 38. A data gathering technique where it can be done via direct mail, over
the phone, internet or e-mail.
A. data gathering C. focus group discussion
B. survey D. personal interview
O O O O 39. It is the process of gathering, analyzing and interpreting the
information about the product or the services to be offered for sale in the market,
the market and about past, present and any potential consumers for the products.
A. data gathering C. secondary research
B. primary research D. market research
O O O O 40. It is an important aspect of any type of research study, it can impact
the results of a study and ultimately lead to valid or invalid results.
A. data collection C. secondary research
B. primary research D. market research
O O O O 45. What factors would change in the distribution channel if there will
be no Intermediary like producer and consumer?
A. Nothing will take place, since it has no intermediary levels. In this case the
manufacturer cannot sell to customers.
B. Direct-marketing will take place, since it has no intermediary levels in this case
the manufacturer sells directly to customers.
C. The company will utilize Technology to reach the customers.
D. All of the above