06/11/2023
Marketing Strategies Consist Of the Business's Value Proposition, Key brand Messaging And Data On Target Customer Demographics. Marketing Often Refers To these Strategy Components As the Four:
Product: A marketing strategy describes the product or service the business is offering, along with related information such as the functionality and warranty.
Price: The business features what price they plan to use for their product and addresses wholesale and seasonal pricing, bundling and price flexibility.
Place: Marketing strategies address the place or distribution of the product for delivery, including transportation and warehousing.
Promotion: The business plans how to market its product, using tactics like advertising, public relations and sales promotion.
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