Read and Answer the CASE STUDY. McDonald's Corporation's marketing mix (4Ps) involves various approaches that meet business concerns in different fast food restaurant markets around the world. The marketing mix defines the strategies and tactics that a company uses to reach target customers, in terms of products, place, promotion, and price (the 4Ps). In this business analysis case, McDonald's has corporate standards that its marketing mix applies globally. For example, the company's corporate standards for productivity are implemented in the management of each company-owned and franchised location. McDonald's also applies some variations in its marketing mix to suit the conditions of local or regional markets. For instance, the company's promotion strategies and tactics focus on print media in countries where such media are most popular and prioritize television in other markets. The specifics of the 4P variables define the various strategies and tactics that McDonald's uses in executing its media in countries where such media are most popular and prioritize television in other markets. The specifics of the 4P variables define the various strategies and tactics that McDonald's uses in executing its marketing plan and achieving related strategic goals to grow the multinational restaurant chain business. McDonald's Corporation's effectiveness in implementing its marketing mix contributes to the leading performance of its brand and business in the international fast-food restaurant industry. Strategic management considers how the 4Ps relate with the approaches of competitors like Burger King, Wendy's, Dunkin' Donuts, and Subway, as well as other firms in the food and beverage industry, such as Starbucks Coffee Company. McDonald's marketing mix facilitates effective reach to target customers around the world. This condition supports the company's leading global industry position, as well as the strength of its brand. 1. What is the importance of aMarketing Mix?2. During this Pandemic what would bethe best Marketing Plan forMcDonald's using the 4P of MarketingMix?3. How does Marketing Mix affect theService and Production ofMcDonald's?4. What makes McDonald's differentfrom other fast food?

Question

Read and Answer the CASE STUDY. McDonald's Corporation's marketing mix (4Ps) involves various approaches that meet business concerns in different fast food restaurant markets around the world. The marketing mix defines the strategies and tactics that a company uses to reach target customers, in terms of products, place, promotion, and price (the 4Ps). In this business analysis case, McDonald's has corporate standards that its marketing mix applies globally. For example, the company's corporate standards for productivity are implemented in the management of each company-owned and franchised location. McDonald's also applies some variations in its marketing mix to suit the conditions of local or regional markets. For instance, the company's promotion strategies and tactics focus on print media in countries where such media are most popular and prioritize television in other markets. The specifics of the 4P variables define the various strategies and tactics that McDonald's uses in executing its  media in countries where such media are most popular and prioritize television in other markets. The specifics of the 4P variables define the various strategies and tactics that McDonald's uses in executing its marketing plan and achieving related strategic goals to grow the multinational restaurant chain business. McDonald's Corporation's effectiveness in implementing its marketing mix contributes to the leading performance of its brand and business in the international fast-food restaurant industry. Strategic management considers how the 4Ps relate with the approaches of competitors like Burger King, Wendy's, Dunkin' Donuts, and Subway, as well as other firms in the food and beverage industry, such as Starbucks Coffee Company. McDonald's marketing mix facilitates effective reach to target customers around the world. This condition supports the company's leading global industry position, as well as the strength of its brand. 1. What is the importance of aMarketing Mix?2. During this Pandemic what would bethe best Marketing Plan forMcDonald's using the 4P of MarketingMix?3. How does Marketing Mix affect theService and Production ofMcDonald's?4. What makes McDonald's differentfrom other fast food?

Accepted Answer

Marketing mix are the elements which is used to perform actions, or tasks within marketing…

1. What is the importance of a Marketing Mix? 2. During this Pandemic what would be the best Marketing Plan for McDonald's using the 4P of Marketing Mix? 3. How does Marketing Mix affect the Service and Production of McDonald's?