ELI5: Explain Like I'm 5

Marketing Mix

Marketing mix is a way for businesses to make sure their products or services appeal to their customers. It's like a recipe for a yummy dish - you mix different ingredients together to make something tasty. In the case of marketing mix, you mix different things like price, product, place, promotion, and people together to make sure customers know about and want to buy your product or service. The different ingredients of marketing mix are used to get the attention of customers, make them interested in the product or service, and give them a reason to buy it.