Marketing mix elements working together
Brand image is the impression customers have of a brand. When product, price, place and promotion are carefully adjusted and work together well, a business can create a specific and planned brand image, rather than leaving customers to form a random impression.
Positioning means choosing where the brand sits in the market: premium, economy, or somewhere in between. The four elements must tell the same story. If one element suggests something different, the image becomes muddled.
| Element | Premium position | Economy position |
|---|---|---|
| Product | High-quality materials, neat finish and protective packaging | Simple, functional product and simple packaging |
| Price | High enough to reflect the quality | Lower price that communicates value |
| Place | Outlets used by premium customers | Value outlets where budget customers shop |
| Promotion | Well-designed, high-quality advertising | Low-cost, straightforward promotion |
Larch is a fictional premium backpack brand. Its bags use strong recycled fabric, metal buckles and neat stitching. They cost £75. They are sold in independent outdoor shops, and adverts appear in a specialist walking magazine with professional photography. Each choice supports the premium position. A rival, Campus Carry, uses basic fabric, costs £18, sells on supermarket shelves and uses a short radio advert with clear shelf labels. This can build a successful economy image, not a failed premium one, because all four elements agree.
Not every brand needs a premium position. An economy position can work well when the lower price, simple packaging, suitable outlets and low-cost promotion all support value for money. A high price alone does not make a brand premium; the product, place and promotion must match it too.
Cambridge National Enterprise & Marketing · 4.2 Marketing mix elements working together