Business & ManagementIB

The four Ps of the marketing mix

The four Ps of the marketing mix...Product: a physical good or an intangible service, such as motor vehicles or motor insurance. In the eyes of customers...
The four Ps of the marketing mix

Product: a physical good or an intangible service, such as motor vehicles or motor insurance. In the eyes of customers, products serve one purpose — to fulfil their needs or wants.

Price: the amount that customers pay for a particular good or service. Pricing can be one of the most difficult decisions to make in the marketing mix.

Place (distribution): the methods of distributing products to customers.

Promotion: strategies used to attract customers to buy a firms products.

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