Monday, 18 August 2014

Marketing Mix Elements

According to American Marketing Association, the mix of controllable marketing variables that the firm uses to pursue the desired level of sales in the target market. The most common classification of these factors is the four factor classification called the four P's - Price, product, promotion and place. Optimization of the marketing mix is achieved by assigning the amount of the marketing budget to be spent on each element of the marketing mix so as to maximize the total contribution to the firm. Contribution may be measured in terms of sales or profits or in terms of any other organizational goals.
The marketing mix for Post It is as follows -



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