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3. Develop customer-driven marketing strategy


S.T.P
1.Segmentation- dividing a market into
smaller segments
2.Market Targeting- selecting market
segment to enter
3.Positioning and differentiation- what
do you want to be known for, how are
you different from your competitors, why
is your product better than competitors

4. Develop integrated marketing mix


Market mix- set of marketing tools that blend
to satisfy customers needs
Also knows as 4ps Product- variety, quality, features, packing
Price- list price, discounts, allowances, credit
terms
Place- where you can get the product,
inventory, shipping
Promotion- advertising, selling, public relations,
sales promotion

Sellers view 4ps/ Buyers view(4cs)


Product-

Price-

customer solution
customer cost

Place-

Convenience

Promotion-

communication

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