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What data is required for Market Mix Modelling?

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Question added by Deleted user
Date Posted: 2015/03/02
Mohamed Hendy
by Mohamed Hendy , Commercial director & Co- founder , The matchers

I agree with Mr.Nasir in addition Distribution data and 

Nasir Hussain
by Nasir Hussain , Sales And Marketing Manager , Pakistan Pharmaceutical Products Pvt. Ltd.

The data that go into creating a marketing mix model include:

  • Economic data
  • Industry data
  • Category data
  • Advertising data (including copy testing)
    •          Promotional data
    •          Competitive data
    •          Service data
  • Product data
    •          Pricing data
    •          Features & performance
  • Market outcome data
    •          Sales
    •          Revenues
    •          Profits

Sidrah Nadeem
by Sidrah Nadeem , Global Marketing Manager , Hill+Knowlton Strategies

Observable characteristics as well as motivations of probable segments, so that we can form more focused target clusters. The four P's are a good start, but in today's day an age presentation and people are an important part of Market Mix Modelling. It's always a good idea to do a PESTEL analysis,

 

 

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