Take a Help in Marketing Mix Assignment Answers
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Marketing mix is an essential tool for marketing and is needed to determine the USP of any brand. Although it may seem like an easy topic, learners need to have a clear idea of the various factors to master it. Students looking for marketing mix assignment answers can get help from our experts at Myhomeworkhelp.com
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What Is Marketing Mix?
It is a set of action which a company utilizes for the promotion of its products and services in the market. These are marketing tools used to enhance the abilities and strengths of marketing strategy. It helps in supporting marketing procedure and makes it feasible to operate, curbing the risk of loss.
Four Essential Tools of Marketing Mix
- Product –
It may be tangible or intangible like a service. An organization must have a clear knowledge of their products, its utilities, and restriction. These factors are important for deciding the target market of the product.
- Price –
It is a vital aspect of marketing, with price determination impacting various other aspects of product marketing like supply and demand, marketing strategy, etc.
- Place –
This refers to the target market and is vital for the marketing strategy of a product. An organization works strategically in this area as it involves a lot of expenses and resources.
- Promotions –
It is the process of implementing various techniques to increase sales of a product. It includes elements such as advertising, digital marketing, public relations, etc.
Two Common Problems Faced By Marketing Students
- The primary obstacle a student faces is collecting resources from which information, as well as data, can be obtained.
- Interpreting available data with the problem in the assignment is another area where students often face the problem.
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