Among the 4 types of marketing strategies, product development is one of the most common. It involves using existing customer relationships to acquire new customers. For example, American Express used its credit card relationships to sell travel services to its customers. In the same way, cable television companies expanded their offerings to include telephone and internet services. This strategy relies heavily on research and development activities. The cost of developing and testing a new product can be expensive, but the benefits can be significant. Visit this site: malluwap
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The 4 Ps of marketing are the product, place, price, and promotion. By using these four elements, a company can create a product that is highly visible and competitively priced, and increase brand awareness. By incorporating these four different types of marketing strategies into a business’s overall strategy, a business can increase the likelihood that customers will buy its products. The 4 Ps of marketing can help a company achieve its goals.
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The 4 Ps of marketing have specific purposes and applications. They can be effective in helping a company convey a message to customers, build equity, and create goodwill. The 4 Ps of marketing help a company create a product that is highly visible, reasonably priced, and promoted. The place of purchase refers to where and how people purchase products. There are many different channels for consumers to buy products. For more information visit this site: forextradenews
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