In: Economics
What are some of the components of the integrated marketing plan to support the endorsement of Michael Jordan with Wheaties cereal? Which do you believe have the greatest impact?
Please explain in detail with at least 150 - 200 words for a marketing class.
Integrated marketing plan involves four components i.e.
product - that firm must first create a need marketing offfering
price- firm must decide how much it will change for the offering
place- how firm will make the offering available to target consumer
promotion-firm must communicate with target customer bout the offering.