There are a few factors that influence product mix . The main few are changes in the demand in the market , what is costs to produce the product , and financial generation.
What are factors of marketing mix discuss it
the factors considered when selecting a promotion mix
The product mix refers to the overall variety of products that a company offers, encompassing different product lines and individual items. The product life cycle describes the stages a product goes through from introduction to decline, influencing how businesses manage their product mix over time. As products move through their life cycles, companies may adjust their product mix by introducing new products, phasing out declining ones, or modifying existing offerings to maximize revenue and meet market demand. Thus, the product mix strategy is closely tied to the dynamics of the product life cycle.
which of the different product mix pricing strategies discussed in the text applies best to Payless's new strategy? Discuss this in detail.for pay less company
Promotion mix, in marketing, involves selling, sales promotions, public relations and advertising. Factors that affect this include a product's life cycle and the stage in which it currently is, product features, buyer readiness, distribution type and buyer types.
What are factors of marketing mix discuss it
the factors considered when selecting a promotion mix
There are different factors in the 4Ps which help to maximize marketing mix. The main factors are price, product, promotion and the place which actually form the marketing mix.
Customer demand effects the product mix at companies. Companies try to balance their product offering between customer demand and products that generate profit margins.
which of the different product mix pricing strategies discussed in the text applies best to Payless's new strategy? Discuss this in detail.for pay less company
Promotion mix, in marketing, involves selling, sales promotions, public relations and advertising. Factors that affect this include a product's life cycle and the stage in which it currently is, product features, buyer readiness, distribution type and buyer types.
Optimal product mix is at that point where net profit from thesales of that product mix is maximum.
advangage of product mix
The first element in the marketing mix is the product.
product mix consist of product variety, size, packeging, labelling etc.
Product mix expansion is increasing the increasing the depth within the product l line
There are many internal factors that affect the marketing mix in a business. The most obvious ones include price, place, promotion and the product.