A firm will look at marketing mix, target market, and control mechanisms that determine effectiveness of strategies in a marketing plan.

Question

Quizplus · Accepted Answer

These are all important components of a marketing plan and help determine its success. The marketing mix refers to the combination of product, price, promotion, and place that a company uses to market its products or services. The target market is the specific group of consumers that the company aims to reach with its marketing efforts. Control mechanisms help track and evaluate the effectiveness of marketing strategies, making it possible to adjust them as necessary.

A Firm Will Look at Marketing Mix, Target Market, and Control