ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Marketing Mix
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Four Ps
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Marketing
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Mass Marketing
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Detailed explanation-1: -The four Ps of marketing-product, price, place, promotion-are often referred to as the marketing mix. These are the key elements involved in planning and marketing a product or service, and they interact significantly with each other.
Detailed explanation-2: -The traditional four Ps of marketing include product, people, price and place-but many veteran marketers are rethinking everything in the digital age. The four Ps of marketing refer to the traditional elements surrounding a service or product that a business owner or marketer has to consider and evaluate to succeed.
Detailed explanation-3: -The Second P of Marketing: Price Price is simple, it refers to how much you charge for your product (or service). Although it’s simple to understand, it’s really hard to come up with the “right” price. The one that doesn’t just drive the most amount of sales but also drives the most profit.