the factors considered when selecting a promotion mix
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.
if the product is safe or efficient
Some of the advantages of product promotion is that it is versatile and cost effective. The disadvantage is that it may not go to the target audience.
it should take care of 4ps that is product , price, promotion and place these are the factors of marketing mix so price of product must be leading to promote the sale of the product at the particular place to every leveled people
The 4 P's of the marketing mix are Product, Price, Place, and Promotion. Product refers to the goods or services offered to meet customer needs. Price involves determining the right pricing strategy to attract customers while ensuring profitability. Place focuses on the distribution channels used to deliver the product to consumers, and Promotion encompasses the marketing communications used to inform and persuade potential buyers.
A firm calculates its marginal cost by determining the change in total cost when producing one additional unit of a product. Factors considered in determining marginal cost include the cost of additional resources, labor, materials, and production efficiency.
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.
If the price of the product is very high, people are unaware about your product, promotion of the product is not proper, place where you sell your product are not correct etc. there are also many things which can cause the great impact on our product.
if the product is safe or efficient
When determining the electrostatic force between two protons, factors to consider include the distance between the protons, the magnitude of their charges, and the medium through which the force is acting. The force is directly proportional to the product of the charges and inversely proportional to the square of the distance between them.
What are the determined factors of price elasticity of demand
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.
They are very similar but in product promotion you describe the benefits of using a product and how it will improve your life. In service promotion you describe the value and benefits of opting in to a service. There isn't much of a difference except one is tangible and the other intangible.
Some of the advantages of product promotion is that it is versatile and cost effective. The disadvantage is that it may not go to the target audience.
it should take care of 4ps that is product , price, promotion and place these are the factors of marketing mix so price of product must be leading to promote the sale of the product at the particular place to every leveled people
If you have broken copyright laws then it is correct that any promotion should be investigated. If you are trying to promote a product on Wikianswers then it is not a free advertising vehicle for your promotion, company or product.
· The cost of production · The market demand for the product · The desired markup by the business owner