MGT 301 GDB Solution 1 2022

 

What Is a Marketing Mix?

A marketing mix includes multiple areas of focus as part of a comprehensive markeying plan The term often refers to a common classification that began as the 4 P''s product, price, placement, and promotion.It is a set of actions and tactics that a company uses to promote its brand or Services.

Understanding Marketing 4ps

Price;

We know that Interio brand is with the highy price and upper class Customers. So the price don''t Effect Such Customers because they want Purity and luxurious looks.So Price Rates Will also be high as per standards of the customers.

Product;

It is about the durability and qulaity of items that are using in the product that are being Sold.In Our Interio Case customer is of Upper Class If he is paying a well balanced amount then he will not compromise on the Qulaity of the product because it is the basic right of the customer.

Promotion;

In Business It is the basic Ethics,if people will know more about the Services and Products Qulaity , then references will be generates with promotions and more buiness oppurtunities will be rised.It is the Era of Digital Marketing, by using it we can send our brand popularity very fast to each and every consumer.

Place;

Eye catching point is main bone of the customer, Where physical involvement is more effective for customer satisfaction.Markete Competition is increasing day by day so our location should be Eye Catching so that brand value and customer Satisfaction Should be achieved timely.