Weegy: Marketing mix is a term often used in marketing that stresses the mixing of a variety of factors in marketing strategies, in ways that both targeted consumer groups are reached, as well as organizational objectives are reached. [ Marketing mix involves four "P's".
1. The first "P" in the marketing mix is the Product. One of the most important aspects of good marketing is to be sure to produce products or services that meet your targeted consumer group's needs, as well as their desires.
2. The next "P" in the marketing mix is the Price of your product. Price your products or services competitively. Deciding on a pricing strategy beforehand can really aid in making pricing decisions.
3. The third "P" in the marketing mix is product Promotion. It is vital to your new business to promote your products or services.
4. Finally, the last "P" in the marketing mix is Place of distribution. You must have a place in mind to distribute your new product or service.
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The 4 P's (product, price, place, promotion) are important to marketers because they provide a framework for developing a marketing strategy and creating a successful marketing mix. The 4 P's help marketers to identify the right product, at the right price, in the right place, and with the right promotional efforts to reach their target audience and achieve their business goals.
Added 5/1/2023 12:35:25 AM
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