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Use of marketing mix to effectively differentiate

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How can the marketing mix be used to effectively differentiate and position your product or service?

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This explains the use of marketing mix to effectively differentiate

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The marketing mix approach to marketing is one model of crafting and implementing marketing strategies. It stresses the "mixing" of various decision factors in such a way that both organizational and consumer objectives are attained. The most common variables used in constructing a marketing mix are price, promotion, product and distribution (also called placement). Mix coherency refers to how well the components of the mix blend together. A strategy of selling expensive luxury products in discount stores has poor coherency between distribution and product offering.
Product:
Defines the characteristics of your product or service that meets the needs of your customers.

Price:
Decide on a pricing strategy - do not let it just happen! Even if you decide not to charge for a service (a loss leader), you must realise that this is a ...

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