Marketing strategy are various plan an organization put to place inorder to achieve it goals and overshadowing or standing out among it competitive.
Everyone organization is expected to have an outstanding and concrete planning system inorder to achieve it's goals. In a system where there is goal then there must be a place strategy to achieve it. Having and knowing what your consumer want is very important in production planning, a producer or organization should not just produce anything but things in line with what it's consumer demand. Every organization should reach out to meet the need and demand of it's customer/consumer.
The 5Ps is very crucial for any organization operation:
PLACE: This speak on the location or area where the enterprise or business is established, Market or product that has high demand in the Urban area may not have same in the Rural area. So understanding the place or area your business is then that should aid your production.
PRODUCT: The kind of product a producer choose to produce really matter has its must be in line with consumer demand and want.
PEOPLE: The people who patronize your market really matter in production, the kind of customers you have could be a factor to consider before production or setting Price.
PROMOTION: This talk on the advertisement strategy the market is trying to put in place,you must be able to set a solid promotion.
PRICE: The price of a product is the drawing force of demand, the law of demand state that the higher the price the lower the demand of the product and the lower the price the higher the demand vice versa.
