1. Marketing Mix
Like a cook who mixes ingredients together to create the final product, a marketer must combine the four elements - product, price, promotion and place - in order to develop policies and procedures that ensure the enterprise is profitable. ... Product strategies are most important and they deal with issues such as product design, packaging, branding, warranty, product variations, and the product's position in relation to its competitors. ... It is appropriately titled "mix" as all the elements have to be combined in various portions in order to create the end product. ...
- Word Count: 1405
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate