What are some ways that a strong marketing mix analysis will

What are some ways that a strong marketing mix analysis will create value?

Solution

Marketing strategy today is a mandatory and quintessential part of business and even in the past there was a lot of importance related to marketing but it was not hugely accepted but the situation has changed with time and recently marketing cannot be avoided while doing business. Marketing mix is the model through which marketing strategy is forwarded from a organization and the strategy is based on 4Ps which are product, Price, Promotion and place these are the 4 basic parameters which needs to be considered while forwarding or devising a marketing strategy. There are other versions of mix are also there which discuss about 7Ps and 8Ps but these 4 discussed are basic and the most important ones.

The process through which a strong marketing mix is provided through:

Developing the marketing mix is important and it has to be done by the organization efficiently and diligently so that the objective is served.