Marketing Mix
Marketing Mix Definition: “A combination of factors that can be controlled by a company to influence consumers to purchase its products”. The marketing mix definition is simple. It is about putting the right product or a combination thereof in the place, at the right time, and at the right price. Marketing Mix 4P’s Marketing Mix – Product: A product is an item that is built or produced to satisfy the needs of a certain group of people. The product can be intangible or tangible as it can be in the form of services or goods. Producer must ensure to have the right type of product that is in demand for his market. So during the product development phase, the marketer must do an extensive research on the life cycle of the pro