please answer the question within 30 minutes. make sure the explanation and reasons are explained in very detailed manner , Attempt the answer only if your are 100% sure that its correct. else leave it for other tutor otherwise i will give negative ratings and will also report your answer for unprofessionalism. Make sure the answer is 100% correct and is not copied from anywhere. ATTEMPT THE QUESTION ONLY IF YOU ARE 100% CORRECT AND SURE. ELSE LEAVE IT FOR ANOTHER TUTOR. BUT PLEASE DONT PUT WRONG ANSWER ELSE I WILL REPORT.

You have been asked to carry out a benchmarking analysis that will help inform and create a compelling proposition for the new food line in the minds of customers. You and your manager have been discussing this and have decided that there would be value gained by critically evaluating marketing mix strategies across different non-food businesses that offer branded \"luxury\" products and product lines. This will provide creative insight into how you develop and launch your product. Your manager referred to this as \"process benchmarking". On completion of the benchmarking analysis, you are required to prepare your findings as a briefing paper for the senior management team. P3 Compare the ways in which different organisations apply the marketing mix to the marketing planning process to achieve business objectives ( Do Merc vs Roll Royce ) a. Determine how the selected companies use the seven component of marketing mix ( Mercedes and Roll Royce) b. Describe how applying the marketing mix helps the selected companies to achieve their goals c. Evaluates the marketing strategies and tactical approaches adopted by each business (or business unit) and how they contribute to the success of the organisations in meeting their overall business objectives d. Provides conclusions and a set ofjustified recommendations on what the company learn and deploy as it plans out its marketing strategy for the new \"luxurious\" product line