What are the 4Ps of marketing?

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What are the 4Ps of marketing?

Did anyone here to learn about the 4Ps of MARKETING?

I’m curious to learn about this 🙂

Let’s start with simple:

The 4 Ps are:

  • Product – What you’re selling
  • Price – How much it costs
  • Promotion – How people hear about your product (e.g., advertising)
  • Place – Where people can buy it (e.g., stores, platforms).

If anyone interested, come and comment below, we will discuss further…

Mathushika Mathanakumar Answered question February 12, 2024

Absolutely! The 4Ps of marketing, also known as the marketing mix, are fundamental concepts in marketing strategy.In my opinion,

Product: This represents an item or service designed to satisfy customer needs and wants.

Price: Price refers to the amount of money customers are willing to pay for the product or service.

Promotion: Promotion involves the various activities and tactics used to communicate the value proposition of the product or service to the target audience.

Place: Place, also known as distribution, refers to the channels and locations through which customers can access and purchase the product or service.

Mathushika Mathanakumar Answered question February 12, 2024

Hi Nigetha,

The 4 P’s of marketing

  • Product
  • Price
  • Place
  • Promotion

These 4 P’s are like building blocks for businesses to succeed. They help in making a product that people want, pricing it right, making it easy for people to buy, and telling them about it in a convincing way. By focusing on these areas, businesses can reach their customers and meet their goals, which leads to growth and success in the long run.