1) What does the overall marketing mix create? b) Explain USP in the context of marketing.

GCSE Business studies. Marketing mix and strategy.1) A company needs to consider the marketing mix in order to meet their consumers' needs effectively.The overall marketing mix creates a unique selling point for a product. The marketing mix refers to the set of actions, or tactics, that a company uses to promote its brand or product in the market. The 4Ps make up a typical marketing mix - Price, Product, Promotion and Place.1b) USP = Is a feature of a product or service that make it stand out compared with the competition.

DA

Related Business Studies GCSE answers

All answers ▸

Define a franchise and explain the benefits to becoming a franchisee.


Explain the importance of having a unique selling point (USP)


The external environment in which businesses operate can have a significant effect on their success. To what extent do you think that the external environments in markets are favorable for businesses at the moment? Justify your answer with reference to ex


Provide one reason why a business may decide to create a sales forecast.