The marketing mix is a crucial tool to help understand what the product or service can offer and how to plan for a successful product offering the marketing mix is most commonly executed through the 4 p’s of marketing: price, product, promotion, and place.
The marketing mix the marketing mix is one of the most famous marketing terms the marketing mix is the tactical or operational part of a marketing plan the marketing mix is also called the 4ps and the 7ps the 4ps are price, place, product and promotion. The marketing mix is a set of four decisions which needs to be taken before launching any new product these variables are also known as the 4 p's of marketing or the product marketing mix these four variables help the firm in making strategic decisions necessary for the smooth running of any product / organization.
The marketing mix helps you define the marketing elements for successfully positioning your market offer one of the best known models is the 4ps of marketing, which helps you define your marketing options in terms of product, place, price, and promotion. Marketing mix definition of the 4p's and 7p's - people, product, price, promotion, place, process and physical evidence all make up the marketing mix.
Definition: marketing intelligence is the external data collected by a company about a specific market which it wishes to enter, to make decisions it is the first set of data which the company analyses before making any investment decision description: marketing intelligence is usually the first.