What is the importance of marketing mix? (2024)

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Learn about the 7 P’s of Marketing Strategy with ExamplesA complete guide to Marketing Mix Modeling | LatentViewThe 7 Ps of services marketing explainedProcess In Marketing Mix - Concepts & Types Of Processes

Solution

The marketing mix is important for the business in the following ways:

  1. It helps in understanding what kind of value the product or services offers to the customers.
  2. Helps in planning a successful product launch.
  3. Helps in formulation, development and execution of effective marketing strategies.
  4. Helps in the effective use of resources and avoids unnecessary costs.

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What is the importance of marketing mix? (2024)
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