Explain description of marketing strategies

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Reference no: EM1336030

Explain Description of marketing strategies

You know that marketers have traditionally classified products based on characteristics: durability, tangibility, and usage. You also know that each product type has an appropriate marketing-mix strategy attached (the effective use of the "Four P's"). In analyzing your company's product offerings, you decide to list each of these offerings and the appropriate marketing-mix strategy to understand where your products "fit." Match the product offerings with the appropriate marketing mix strategies.

1: The appropriate strategy is to make them available in many locations, charge only a small price markup, and advertise heavily to induce trial and build brand preference.

2: These are intangible, inseparable, variable, and perishable products. They require more quality control, supplier credibility, and adaptability.

3: These are tangible goods that normally survive many uses, These products normally require more personal selling and service. and command a higher price margin, and require more seller guarantees/warrantees.

Non-durable goods

Durable goods

Services

Reference no: EM1336030

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