Social media marketing|Legit essays

Posted: January 27th, 2023

When people think of marketing, they may think of advertising or, possibly, pushy salespeople. However, marketing is much broader, with a focus on the customer and customer satisfaction. In addition, marketing is all about stimulating demand. Discuss how consumers make purchasing decisions based on the four Ps of marketing. Please use examples.

2. Social media marketing is one of the fastest growing areas of the marketing world. Choose a network, such as Facebook, LinkedIn, Pinterest, or Instagram, and explain how you have been targeted by a product or service. Identify what segmentation strategy would be appropriate for this product or service.

3. Explain the overall importance of marketing research. Please share an example of a company that has failed to do marketing research. Explain what the company did wrong and make certain to define the problem.

Please keep them # These are only DB. 100 words peer answers.

SOLUTION

The four Ps of marketing are product, price, place, and promotion. These are the key elements that a company must consider when creating a marketing strategy for a product or service.

Product refers to the goods or services that a company offers. For example, a company that sells organic produce will have a different product strategy than a company that sells luxury cars.

Price refers to how much a customer will pay for a product or service. For example, a company that wants to appeal to budget-conscious consumers will have a different pricing strategy than a company that targets high-end consumers.

Place, also known as distribution, refers to how and where a product or service is made available to the customer. For example, a company that sells products online will have a different place strategy than a company that operates brick-and-mortar stores.