Digital Marketing Mix Lecture 03: 7Ps and Digital Advertising

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Questions and Answers

What does the term 'Product' in the digital marketing mix refer to?

  • The physical location where the product or service is sold
  • The physical product or service proposition, and whether it satisfies the needs and can sell online (correct)
  • The promotional activities used to market the product or service
  • The people involved in creating and delivering the product or service

Why should companies consider how to modify products and add digital value in digital marketing?

  • To make the products more accessible to a global audience (correct)
  • To improve the physical evidence of the product or service
  • To increase the number of people involved in the production process
  • To reduce the cost of production

Which component of the digital marketing mix focuses on the activities involved in making a product or service available for consumption?

  • Promotions
  • Price
  • Place (correct)
  • People

In the digital marketing mix, what does 'People' refer to?

<p>The target audience for the product or service (C)</p> Signup and view all the answers

What aspect of the digital marketing mix involves creating a favorable image and perception of the product or service?

<p>Physical evidence (C)</p> Signup and view all the answers

Which element of the 7Ps digital marketing mix focuses on determining the right pricing strategy for the product or service?

<p>Price (D)</p> Signup and view all the answers

What does the term 'OVP' stand for in the context of digital marketing?

<p>Online Value Proposition (C)</p> Signup and view all the answers

What is an example of a third-party website discussed in the context of the digital marketing mix?

<p>Skyscanner (A)</p> Signup and view all the answers

In digital marketing, what does 'willing to pay' primarily refer to in the pricing strategy?

<p>Affordability (A)</p> Signup and view all the answers

What is a key element from a digital marketing perspective for promoting products through a third-party website or social media influencer?

<p>Affiliate marketing (D)</p> Signup and view all the answers

Which component of the 7Ps digital marketing mix focuses on how products are consumed differently in the digital realm?

<p>Product (C)</p> Signup and view all the answers

What type of purchase options can companies offering digital products provide at different price points?

<p>Subscription options (A)</p> Signup and view all the answers

How does the digital realm enhance the flexibility of offering purchase options?

<p>It allows for offering a range of purchase options at different price points (B)</p> Signup and view all the answers

In digital marketing, what is meant by 'complete experience' in the context of the Online Value Proposition (OVP)?

<p>The end-to-end consumer journey from selection to usage (B)</p> Signup and view all the answers

What aspect of the digital marketing mix involves a publisher revenue model based on offering subscriptions for different periods at different price points?

<p>Price (A)</p> Signup and view all the answers

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