Think about a fairly significant purchase you made recently and analyze how this product or service was marketed to you by the company.   Do you think you are part of the target market that the company identified for this product? How did the company use the 4 P's of marketing to try to convince you to buy this product?

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter1: Introduction To Managerial Accounting
Section: Chapter Questions
Problem 7MCQ
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The foundation of every marketing strategy is the identification of a target market and the development of a marketing mix.  The marketing mix is commonly referred to as the 4 P's of marketing:

  • Product 
  • Price 
  • Place (also called distribution)
  • Promotion

Think about a fairly significant purchase you made recently and analyze how this product or service was marketed to you by the company.  

  • Do you think you are part of the target market that the company identified for this product?
  • How did the company use the 4 P's of marketing to try to convince you to buy this product?
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