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What Are The 4 P’s Of Marketing?
The 4 P’s of Marketing are Product, Price, Place, and Promotion. Product: The type of product or service that meets the demand of the target audience. Price: The actual amount that the product will be sold. This amount is what th
e customer will pay to use the products or services. Place: Covers the distribution channel, which will indicate how the product will be delivered to customers. Promotion: Communication strategies that help in engaging the products and services to customers. Prom
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otion includes advertising, public relations, and special offers. The 4 P’s often make up a business’s Marketing Mix, however, there are other strategies within the marketing mix that include: 7 P’s of marketing, 4 C’s of marketing, and even continued adaptations that focus on a digital marketing mix.
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