What is the marketing mix?
12/04/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
The marketing mix is a strategic tool used by companies to position a product or service in the market. It is a combination of the four Ps: product, price, place and promotion. It is a basic approach to developing a strategy to market a product or service. The four Ps can be used to ensure that the right combination of products, prices, placements and promotions are chosen to enable successful marketing.