ENTREPRENEURSHIP

Detailed explanation-1: -Place: The place is where customers can buy the product. Whether a brick-and-mortar store, website, or app, proper placement of products creates sales opportunities. Promotion: The promotion includes all the tactics used to communicate a product’s value.

Detailed explanation-2: -Price in marketing mix refers to the value we pay in exchange for the product and services offered by a company. Price is considered a vital element of the marketing mix because it dictates a company’s survival and profit. Pricing of a product plays an important role in determining the success of a company.