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Marketing is an investment, as it involves finding out what people want in a product, then using that information to guide decisions on how to price, package, promote and distribute the product. This leads to customer satisfaction because consumers will know that the company has met their needs for particular products. It also increases revenue because consumers will buy more of the products if they like them. As a result, marketing helps create customer equity by maximizing customer loyalty and repeat sales.
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The marketing mix
A company’s marketing mix is the tools of the trade when it comes to getting the word out about your business. The four P’s are Product, Place, Promotion, and Price. When crafting a marketing plan for your business, you will want to consider what channels are most appropriate for reaching your target market with your message. For example, if you’re selling a product that caters specifically to older women, then tv ads might be a good place to start promoting your product. If you’re in need of essay writing services or science homework help, EssayForAll is here for you – just click on any of our links below!
The 4ps of marketing
Marketing is a very broad term that encompasses four different components: product, price, place, and promotion. Product refers to the type of service or good that you are marketing. Price is the amount of money someone pays for your product or service. Place refers to where your potential customers can purchase your product or service from. Promotion is communicating with potential customers about your product or service.
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In today’s society, the world of marketing has grown to become a multi-billion dollar industry. As a result, it is no surprise that there are thousands of people in need of marketing homework help. One of the first steps to ensure your success is to choose what you want as a career path. If you’re not sure, it is recommended that you take your time making this important decision while exploring different career paths through college or by working at different companies. Once you’ve decided on your desired career path, the next step will be obtaining qualifications necessary for starting this line of work.