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 πŸ™‚

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
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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
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