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Excellence in the labor market Analyzing the marketing mix of competitors enables you to know their strengths and weaknesses, and thus you can conduct promotional campaigns, develop your product better than competitors, or make adjustments to the price to increase your sales, thus ensuring you a competitive advantage at the expense of competitors. Helping companies in times of crisis Your good knowledge of your product, promotional strategies and pricing helps you in times of recession to adjust these elements to suit the company to solve the problem of bad working hours. New product development Studying the product in depth to meet the needs of the audience while studying the rest of the elements of the electronic marketing mix may lead to the emergence of many ideas that help develop the product better or develop new products to meet new needs of the target audience.
Making profits Help improve work For a continuous presence in the market, the product needs many continuous improvements to maintain its presence through new methods of promotion or adjusting the price to suit the market situation, and all of these improvements help the product to remain for a long time. The main goal of the marketing mix is to achieve more profits for the company by expanding the scope of selling products and attracting more new customers. How do Nigeria Email List you determine the elements of the appropriate electronic marketing mix? In order to determine the elements of the appropriate electronic marketing mix, the company must first understand the different factors that go into each element. For example, when specifying the product, the company needs to take into account product development costs and manufacturing costs. When formulating pricing policies for a product, a company needs to consider competitors' prices, as well as potential customer demand and pricing strategies in order to increase profits. As for advertising and personal selling strategies, the company needs to think about the type of media that is most effective to reach customers, as well as the best way to target potential customers. By properly evaluating these elements and determining the right mix of them, the company can create an effective marketing strategy that will help it achieve Its marketing objectives. What are the most important characteristics of the electronic marketing mix? The marketing mix is characterized by several characteristics that may affect the product promotion process, including: The marketing mix is considered the essence of marketing. The marketing mix requires periodic follow-up. The marketing mix is flexible and adjustable. The marketing mix is suitable for commercial and non-commercial organizations.
The marketing mix is directed at customer satisfaction. The marketing mix helps achieve goals. The marketing mix is considered the essence of marketing The marketing mix is a set of components and elements that, when applied appropriately, lead the company to achieve its marketing objectives. The marketing mix requires periodic follow-up The market is always in a state of constant change, so marketing managers must follow market developments and changes in every element of the marketing mix in order to make appropriate adjustments at the right time to keep pace with these changes. The marketing mix is flexible and adjustable This is done by monitoring internal and external changes. Internal changes include changing production lines or the size and scope of the production process and technical changes such as: technological changes in the company. All of these changes require adjustments to be made to the marketing mix in proportion to them, and the customer is considered the external element that changes the most because of Consumer tastes are constantly changing. The marketing mix is suitable for commercial and non-commercial organizations
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