THE 4 P’S OF MARKETING MIX
THE 4 P'S OF MARKETING MIX
The 4 P's, 7 P's & Additional 2 P's of Marketing
Angle180
INBOUND MARKETING AGENCY
4 P's of Marketing
4 P'S MARKETING IN SIMPLE TERMS
How to master it in today's world?
Product
A service or good offered to meet consumer interest or demand.
Price
the cost people pay for a product.
Place
the "home" where the product resides.
Promotion
product exposure and public relations efforts via advertising.
PROMOTION
PLACE
PRODUCT
PRICE
PRODUCT
A service or good offered to meet consumer interest or demand.
It could come in the form of occupational therapy or a fidget spinner - choices are only limited to the imagination, BUT, are highly dependent on marketplace curiosity or need.
4 P's of Marketing
4 P's of Marketing
PRICE
The cost people pay for a product. This includes base costs (materials, manufacturing, and shipping) plus expenses (rent, office supplies, healthcare, etc.).
While you should always look to the competition, a smart business will tap into what people will actually pay for it. That's the only thing that counts. If you can't rise above your bottom line and make your target profit, then it's a losing proposition.
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