Evaluate strategies and tactical approaches to the marketing mix in achieving overall business objectives.
A marketing strategy is a broad game plan for how you'll engage your target market and reach them to accomplish your business objective. This objective may be to increase your market share, develop your company, enter new markets, etc. The actions you do to carry out your strategy are known as marketing tactics.
As a component of an all-encompassing marketing strategy, a marketing mix encompasses many areas of emphasis. The phrase frequently alludes to the classification known as the four Ps, which originally stood for the product, pricing, placement, and promotion. Instead of focusing solely on one message, effective marketing touches on a variety of topics.
Step by step
Solved in 2 steps