1. The Marketing Mix
... . At the heart of this system is the concept of the marketing mix, consisting of four components known as the four P's - product, price, place and promotion. Getting the right balance between these four factors is the difference between a successful and a failed result. Product Getting the product factor right is obviously critical. A product or service that really meets customer demands, and is both different and better than the existing competition, could be a winner ... . Product development is an important part of this, often the result of extensive consumer research implemented throu...
- Word Count: 635
- Approx Pages: 3
- Grade Level: High School