Meaning of the word "marketing mix" in English

What does "marketing mix" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

marketing mix

US /ˈmɑːrkɪtɪŋ mɪks/
UK /ˈmɑː.kɪ.tɪŋ mɪks/
"marketing mix" picture

Noun

a combination of factors that can be controlled by a company to influence consumers to purchase its products

Example:
The company adjusted its marketing mix to target a younger demographic.
Understanding the 4 Ps (Product, Price, Place, Promotion) is crucial for a successful marketing mix.