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Marketing Mix
A tool used by businesses to determine and adjust the right combination of the four P's (Product, Price, Place, Promotion) for their marketing strategy to reach their target market effectively.
Interrelated Decisions
Decisions that are connected in such a way that the outcome of one influences the outcomes of others.
Four Ps
A marketing model that encompasses Product, Price, Place, and Promotion, which are considered the core drivers of marketing strategies.
Marketing Mix
A blend of marketing variables typically categorized into four Ps: Product, Price, Place, and Promotion, used to achieve business objectives.
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