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bekas [8.4K]
3 years ago
9

Why is it important for producers to develop an effective marketing mix, and why have the “4Ps” been such an important part of t

hat mix?
Business
1 answer:
frosja888 [35]3 years ago
7 0

Answer:

Explanation:

Marketing for an organization is usually characterized by the four Ps. They are product, price, place, and promotion. These are basically the factors that the firm can control and make their product appealing to maximize their profit and revenues.

Choosing marketing mix is an important step for product/service marketing. It takes into consideration the segment of the market that the product is meant for. It attempts to position the product into the target audiences preference set.

Without marketing mix, the organization does not have a strategic handle on the product and decision making cannot be streamlined. For example, if an organization faces low sale volume, they may try to reduce the price and see if the product does well. If they have not created a marketing mix and have a strategic approach then they will unlikely be able to attempt different strategies to correct their marketing efforts.

Hence, marketing mix is an extremely important set of data and tool for the overall marketing plan of the product/service.

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The ABC Cleaning Company is assessing the value of its tangible and intangible assets. Its intangible assets would most likely i
Ierofanga [76]

Answer:

Intangible assets might include: A trademark, a patent, copyright, or even a brand.

6 0
4 years ago
Grantham Manufacturing Company makes oak rocking chairs. Budgeted sales are 21,500 for July, 24,300 for August, 28,700 for Septe
gogolik [260]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Budgeted sales:

July= 21,500

August= 24,300

September= 28,700

October= 28,900

Grantham maintains an ending inventory equal to 10% of the current month’s sales. The ending inventory at June 30th was 3,100.

Production budget= sales for the month + desired inventory - beginning inventory

July:

Sales= 21,500

Ending inventory= (24,300*0.10)= 2,430

Beginning inventory= (3,100)

Total= 20,830

August:

Sales= 24,300

Ending inventory= (28,700*0.10)= 2,870

Beginning inventory= (2,430)

Total= 24,740

September:

Sales= 28,700

Ending inventory= (28,900*0.10)= 2,890

Beginning inventory= (2,870)

Total= 28,720

4 0
4 years ago
3. What challenges do you anticipate in implementing some of the above steps? Explain.
erica [24]

In implementing some of your steps, anticipate the challenges as they are bound to e related to your specific goal.

<h3>What are challenges?</h3>

Generally, challenges are simply a competitive situation to determine who is superior in a specific field.

In conclusion, in carrying out set goals, missions, or said steps or series of activities we tend to meet challenges, and these challenges are anticipated by the nature of activity.

Read more about Humans

brainly.com/question/18540902

6 0
2 years ago
Eight years ago you bought your house for $115,000. You just sold it for $267,000. What was the average annual appreciation of y
lana66690 [7]

Answer:

$19,000

Explanation:

appreciation is the difference between the price at which the house was bought and the price at which the house was sold

$267,000 - $115,000 = $152,000.

Average annual appreciation = $152,000 / 8 =$19,000

6 0
3 years ago
Read 2 more answers
Which of the following provides the same protection as safety glasses?
ziro4ka [17]

None of the above (neither bifocals,neither regular glasses, neither sunglasses) provides the same protection as safety glasses.

Safety glasses are special type of functional protective eyewear that usually enclose or protect the area surrounding the eye. They part of the Personal Protective Equipment (PPE), used to protect the worker to from injuries.

3 0
3 years ago
Read 2 more answers
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