What is Marketing Strategy

The video tutorial explains the concept of a marketing strategy, which consists of five key elements: target market, marketing mix (product, price, place, promotion), and value creation. It emphasizes understanding the target market's needs and using the marketing mix to meet those needs effectively. The goal is to create value for the customer, company, and community. The tutorial also covers distribution, ensuring products are available where customers can access them, and promotion, which involves communicating the product's value and availability to the target market.

What is the importance of pricing in a marketing strategy?

How does promotion play a role in a marketing strategy?