MANAGEMENT

Detailed explanation-1: -In the marketing mix, the term “place” refers to the distribution of the product. Where does the customer buy the product? “Place” might be a traditional brick-and-mortar store, or it could be online.

Detailed explanation-2: -The last element of the marketing mix is the place. Also called placement or distribution, this is the process and methods used to bring the product or service to the consumer.

Detailed explanation-3: -Place – the third P of the marketing mix The third P of marketing is about where you will sell your product or service. This encompasses both your distribution channels and your place in the market. Your distribution channels are the avenues through which you reach your target market.

Detailed explanation-4: -The marketing mix consists of the four key elements of a marketing strategy: product, price, place and promotion.