Please explain study guide business plan

. T-Mobile Wi-Fi 5:53 PM 56% learn.vccs.edu Business Plan - Marketing II Business Plan - Marketing II Submit Assignment Due Nov 8 by 11:59pm Points 25 Submitting a text entry box or a file upload V. Marketing Mix Plan After identifying your target marketing, the marketing mix are the four elements used to effectively reach your identified group of consumers. The next section should consist of a detailed description of each element of the marketing mix (product, place, price, and promotion) M. 4Ps Marketing Mix Strategy 1. Product a) Classify your product. Is it a consumer or business product b) Provide an analysis of where your product falls on the Product Life Cycle c) Product Planning (1) What is your Brand (2) Provide a description or depiction of your labeling and/or packaging 2. Price a) Discuss in detail your pricing objective (survival, profit maximization, return on investment, market share, or status quo) and justify b) Pick a specific pricing strategy and Justify c) Provide a depiction of your pricing for your product 3. Promotions (Include 3 of 4 mediums and justify) a) Provide advertising objectives b) Discuss your platform for reaching the objectives. What mediums will you adopt and why. c) Provide a detailed description of the promotional mix 4. Place (Distribution) Markting Plan PT II (MP) PR