Question

Create a marketing strategy for new product on electrical or light efficiency.

Answer 1

There are five (sometimes six) main aspects of a promotional mix: Advertising, Personal selling, Sales promotion, Public relations, and Direct marketing.

Please mark

Answer 2

There are certain ways of marketing strategy for new products:-

a) Company should work on increasing Working efficiency of Electrical products

b) Company should target a specific audience, analyse what customers want, their point of view and what's their expectations with the product.

c) Company should follow the 4 Ps of marketing strategy i.e., place, price, product, and promotion.

d) Since it's an electrical product, they should more focus on its efficiency, price and availability for buyers.

d) They should be able to deliver the product at an appropriate time.