4 P's of marketing
True or False: The 4 P's of Marketing are essential for every business.
What is SWOT?
Strengths, Weaknesses, Opportunities, and Threats
Whats the most basic type of research
casual
What is a target market
A specific set of people your product is targeted to
What are the 4 P's of marketing?
Product, Price, Place, and Promotion
which of the SWOT Analysis is this
"A rapidly growing market trend for eco-friendly products"
opportunities
What does every business start with
Hypothesis
What does target market focus on?
Everything
How do the 4 P's work together to create a cohesive marketing strategy?
developing the 'right' product and making it available at the 'right' place with the 'right' promotion and at the 'right' price, to satisfy target consumers and still meet the objectives of the business
which of the SWOT Analysis is this
"A company having a online presence with outdated website design and limited digital marketing capabilities."
weakness.
whats the most extensive research even developing the idea
Exploratory
whats the main way to get feed back from a market
surveys
What is the most important P among the 4 P's of marketing?
Price
which of the SWOT Analysis is this
"explore the external environment that could affect the company, including technological, environmental and regulatory factors"
threats
what is the main reason for types of marketing
to reach a specific type of audience and sell a lot
Is a target market able to branch out
yes it is