Definition of Marketing strategy:
A plan of action designed to promote and sell a product or service.
A marketing strategy refers to a business's overall game plan for reaching prospective consumers and turning them into customers of the products or services the business provides. A marketing strategy contains the company’s value proposition, key brand messaging, data on target customer demographics, and other high-level elements.
An organizations strategy that combines all of its marketing goals into one comprehensive plan. A good marketing strategy should be drawn from market research and focus on the right product mix in order to achieve the maximum profit potential and sustain the business. The marketing strategy is the foundation of a marketing plan.
The marketing strategy informs the marketing plan, which is a document that details the specific types of marketing activities a company conducts and contains timetables for rolling out various marketing initiatives.
How to use Marketing strategy in a sentence?
- We use a number of marketing strategies to grow our business.
- Having a really good marketing strategy can be the main difference between having major profits and having many unsold products.
- To sell our product to the masses, we needed to come up with an amazing marketing strategy , that would ensure we get a lot of sales.
- The marketing strategy used by the firm was approved by not only the marketing manager but the vice president of sales.
Meaning of Marketing strategy & Marketing strategy Definition