ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Packaging
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7 P’s Model
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Marketing Mix
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People
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Detailed explanation-1: -4P’S model of Traditional Marketing 7P’s of Traditional marketing: The 7Ps model is a marketing model that modifies the 4Ps model. The 7Ps is generally used in the service industries. It includes: 4P"S (Product, Place, Price, Promotion), People, Process and Physical Environment.
Detailed explanation-2: -Marketing Mix Definition And traditionally, the model was built from the 4ps of marketing: Product, Price, Place, and Promotion. But as marketing evolved, so did the strategy. With People, Process, Physical Evidence as additions, expanding to 7ps of marketing.
Detailed explanation-3: -The four Ps are a “marketing mix” comprised of four key elements-product, price, place, and promotion-used when marketing a product or service.