develop an integrated marketing mix plan for a new or existing product or service.Task Overview $($Written Component $1-2$ pages$)1.$ Choose a product or service $($real or hypothetical$)$ and provide a brief overview of its key features, target market, and positioning$\mathrm{.}2.$ Discuss the Product element: Explain the product's features, benefits, and any modifications or enhancements that could be made to improve its appeal to the target audience$\mathrm{.}3.$ Explore the Price element: Determine ald justify a pricing strategy for the product or service. Explain how the pricing strategy aligns with the target market's perceptions and the product's positioning$\mathrm{.}4.$ Analyze the Place element: Outline the distribution channels and logistics for delivering the product or service to the target customers. Justify the chosen distribution strategy$\mathrm{.}5.$ Discuss the Promotion element: Develop a promotional plan outlining the advertising, sales promotion, personal selling, and public relations strategies that will effectively communicate the product's value proposition to the target market.