identify four types of marketing strategies based on existing/present market and product . define each strategy

Question

Question

business Operations-Management

Answer 1

Answer #1

The following are the four types of marketing strategies:

Product	Place	Price	Promotion
The product is the one which fulfills the customer needs.	The geographical area attracts the customers for product deliverables.	The amount customer willing to pay for the product.	The brand awareness and recognition is the promotion for the product.
The quality plays a major role in the product development.	The customer expect good location, transportation etc.	The price include on the discounts, sales, payment modes etc.	The benefits of the products are explained to the customers through promotion.
The demand of the product should be increased in the market to increase the sales.	The target market is efficient for the growth of the company as where the sale increases.	The price should be affordable, because the customers would always look into the price on purchase of the products	The television, social media, advertisement, word of market etc plays a major role in the promotion of the product.

Answer 2

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