The correct answer is: developing an appropriate marketing mix.

Here's why:

A marketing strategy is a company's overall game plan for reaching people and turning them into customers of the product or service that the business provides. The two major components of a marketing strategy are:

1. Selecting a target market: This involves identifying a specific group of consumers at which a company’s products or services are aimed.

2. Developing an appropriate marketing mix: This involves creating the right product, pricing it correctly, distributing it at the right place and using suitable promotional strategies. This is also known as the 4Ps of marketing - Product, Price, Place, and Promotion.

While pricing products according to consumer needs, distributing products according to consumer needs, and developing segmented markets are all important aspects of a marketing strategy, they are part of the broader component of developing an appropriate marketing mix. Therefore, the correct answer is "developing an appropriate marketing mix".

Question

The correct answer is: developing an appropriate marketing mix.

Here's why:

A marketing strategy is a company's overall game plan for reaching people and turning them into customers of the product or service that the business provides. The two major components of a marketing strategy are:

1. Selecting a target market: This involves identifying a specific group of consumers at which a company’s products or services are aimed.

2. Developing an appropriate marketing mix: This involves creating the right product, pricing it correctly, distributing it at the right place and using suitable promotional strategies. This is also known as the 4Ps of marketing - Product, Price, Place, and Promotion.

While pricing products according to consumer needs, distributing products according to consumer needs, and developing segmented markets are all important aspects of a marketing strategy, they are part of the broader component of developing an appropriate marketing mix. Therefore, the correct answer is "developing an appropriate marketing mix".

Knowee AI · Accepted Answer

The correct answer is: developing an appropriate marketing mix.

Here's why:

A marketing strategy is a company's overall game plan for reaching people and turning them into customers of the product or service that the business provides. The two major components of a marketing strategy are:

1. Selecting a target market: This involves identifying a specific group of consumers at which a company’s products or services are aimed.

2. Developing an appropriate marketing mix: This involves creating the right product, pricing it correctly, distributing it at the right place and using suitable promotional strategies. This is also known as the 4Ps of marketing - Product, Price, Place, and Promotion.

While pricing products according to consumer needs, distributing products according to consumer needs, and developing segmented markets are all important aspects of a marketing strategy, they are part of the broader component of developing an appropriate marketing mix. Therefore, the correct answer is "developing an appropriate marketing mix".

Multiple Choice QuestionA marketing strategy has two major components: selecting a target market, and ______.Multiple choice question.developing an appropriate marketing mixpricing products according to consumer needsdistributing products according to consumer needsdeveloping segmented markets

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