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A marketing strategy consists of the selection and analysis of a target market and Group of...

A marketing strategy consists of the selection and analysis of a target market and

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the examination of potential market regions.

the determination of product features and benefits to meet the customers' needs.

decisions about how to distribute the product and at what price.

the creation and maintenance of an appropriate marketing mix.

decisions about how and where to advertise and promote the product.

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Answer #1

the creation and maintenance of an appropriate marketing mix.

The marketing strategy of an organization needs to consist of the selection of the target market, analysis of the same and also create and maintain an appropriate marketing mix consisting of details regarding the product, price, place and promotion accordingly. This is quite essential for the organization to sustain and succeed as well.

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