Data influences how marketers distribute funding among the various elements of the promotional mix
The promotional mix definition is the combination of marketing modes used by organisations to achieve their goals and objectives. A subset of the marketing mix is the promotional mix. The marketing mix is the set of tools that a company uses to market its goods and services to its target market.
The four Ps (price, product, place, and promotion) are the tools used in a marketing mix. Price includes the product's value to the consumer, a comparison of prices to competitors, and any possible consumer discounts. Product details include the commodity's size and colour, as well as its name, comparison to competitors' products, and overall outlook.
Place refers to where customers can get the product, the distribution channels, and how the commodity is marketed at trade shows or through salespeople. Promotion entails determining how to reach the target market, comparing how competitors conduct promotions, determining the best time to conduct promotions, and determining how to best convey the desired message to the target audience.
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