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Question
How to apply a marketing mix?
How to apply a marketing mix?
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Solution
Any business can apply a marketing mix by following the steps mentioned below:
- Analyse which product or service you are going to offer.
- Recognise the use of your product with the needs of the consumers.
- Place the store close to the target market.
- Determine a price for the product.
- Come up with good and attractive promotional strategies to position the product.
- Have a synchronised marketing mix plan.
- Readdress the marketing mix over a period of time to meet the current trends.
Also see: MCQs on Marketing Mix
Stay tuned to BYJU’S to learn similar Commerce Questions.
Any business can apply a marketing mix by following the steps mentioned below:
- Analyse which product or service you are going to offer.
- Recognise the use of your product with the needs of the consumers.
- Place the store close to the target market.
- Determine a price for the product.
- Come up with good and attractive promotional strategies to position the product.
- Have a synchronised marketing mix plan.
- Readdress the marketing mix over a period of time to meet the current trends.
Also see: MCQs on Marketing Mix
Stay tuned to BYJU’S to learn similar Commerce Questions.
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