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5 April 2016 1

 Introduction
 Product
 Price
 Place
 Promotion
 People
 Process
 Physical evidence
Content
5 April 2016 2

 7 P’s is known as an extended marketing mix.
 This is generally using in the service industry.
Introduction
5 April 2016 3

 The product in service marketing mix is intangible in
nature.
 Service products cannot be measured and also it
won’t be owned to any one.
 Online banking
 Prepaid cards
 Current & fixed accounts
Product
5 April 2016 4

 Pricing in case of services is rather more difficult
than in case of products.
 Pricing is important to gain profit for the business.
 Free of charge to open accounts
 Interest rates
 Competitive based strategy
Price
5 April 2016 5

 Place in case of services determine where is the
service product going to be located.
 HSBC having both physical & electronic channels.
 Banks and ATM machines are physical channels .
 Online banking is an electronic channel.
Place
5 April 2016 6

 Promotion is an important part in 7 P’s.
 It’ll create the brand name of the business in the
consumers mind.
 People used to buy the products by this.
 T.V advertisements
 Online advertisements
 Bill boards
 Hand bills
 Sales promotions
Promotion
5 April 2016 7

 People are one of the elements of service marketing
mix. People define a service.
 Employees are the first once who make contact with
the customers.
 In service marketing, people can make or break an
organization.
 employees behavioral patterns towards the customers.
People
5 April 2016 8

 Service process is the way in which a service is
delivered to the end customer.
 Their procedures are tested before the launch of the new
current account package.
 Bank personnel are to conduct a test to determine how
efficient and effective front line staffs.
Process
5 April 2016 9

 It is generally recognized that physical evidence can
be subsidized into two components.
 peripheral evidence which can be possessed by the
consumer but has little independent value.
 essential evidence, which cannot be possessed by the
consumer but has independent value.
 The peripheral evidence is the prepaid card
 The essential evidence includes bank branches, cash
machines, posters and brochures.
Physical Evidence
5 April 2016 10

 http://www.marketing91.com/service-marketing-
mix/
 http://cloudchronicler.net/2009/10/28/marketing-
assignment-a-marketing-plan-for-hsbc-7ps/
5 April 2016 11
Refferences

5 April 2016 12

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Marketing mix (7p's)

  • 2.   Introduction  Product  Price  Place  Promotion  People  Process  Physical evidence Content 5 April 2016 2
  • 3.   7 P’s is known as an extended marketing mix.  This is generally using in the service industry. Introduction 5 April 2016 3
  • 4.   The product in service marketing mix is intangible in nature.  Service products cannot be measured and also it won’t be owned to any one.  Online banking  Prepaid cards  Current & fixed accounts Product 5 April 2016 4
  • 5.   Pricing in case of services is rather more difficult than in case of products.  Pricing is important to gain profit for the business.  Free of charge to open accounts  Interest rates  Competitive based strategy Price 5 April 2016 5
  • 6.   Place in case of services determine where is the service product going to be located.  HSBC having both physical & electronic channels.  Banks and ATM machines are physical channels .  Online banking is an electronic channel. Place 5 April 2016 6
  • 7.   Promotion is an important part in 7 P’s.  It’ll create the brand name of the business in the consumers mind.  People used to buy the products by this.  T.V advertisements  Online advertisements  Bill boards  Hand bills  Sales promotions Promotion 5 April 2016 7
  • 8.   People are one of the elements of service marketing mix. People define a service.  Employees are the first once who make contact with the customers.  In service marketing, people can make or break an organization.  employees behavioral patterns towards the customers. People 5 April 2016 8
  • 9.   Service process is the way in which a service is delivered to the end customer.  Their procedures are tested before the launch of the new current account package.  Bank personnel are to conduct a test to determine how efficient and effective front line staffs. Process 5 April 2016 9
  • 10.   It is generally recognized that physical evidence can be subsidized into two components.  peripheral evidence which can be possessed by the consumer but has little independent value.  essential evidence, which cannot be possessed by the consumer but has independent value.  The peripheral evidence is the prepaid card  The essential evidence includes bank branches, cash machines, posters and brochures. Physical Evidence 5 April 2016 10