Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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Question
develop alternative marketing mix related action plans that address selected objectives and selected strategies
Expert Solution
Concept
There are primarily four functions of marketing which are also known as the marketing mix. These four marketing functions are Product, Price, Place, and Promotion- the 4 Ps of the marketing mix.
These four Ps are involved in shaping the marketing strategies and decisions of a business. This mix should be revised on a frequent basis depending on the changes in the market.
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