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Post by juthi52943 on Dec 24, 2023 3:14:24 GMT
Any correctly made marketing mix should have all the P's compatible with each other. The price should be compatible with the placement of the product. The product should be compatible with the promotions. In general all the Ps are intrinsically related to each other. As a result when you make a marketing mix it becomes a chain of strong links. And these links then guide you to create a longer chain. Whenever you are tempted to add a new feature or change existing things you have to look at the big picture which helps to create a clean and clear marketing mix for the product. The marketing mix helps in the development Job Function Email List of new products While designing an existing product there are many ideas that may arise for a similar product that can be designed by the company. may be different for such a product. However it can be classified as a new product and therefore while designing the marketing mix the company can come up with good ideas for NPD new product development as well. The marketing mix helps to develop the product portfolio Whenever you want to develop a product or product line you have to make minor changes to the product. In essence it refers to minor changes in the marketing mix itself.
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