MANAGEMENT

Detailed explanation-1: -Place refers to where consumers buy your product, or where they discover it. Today’s consumers may learn about products and buy them online, through a smartphone app, at retail locations, or through a sales professional. Price refers to the cost of the product or service.

Detailed explanation-2: -Consumers are learning about products and their features through a wide variety of channels. Among the most popular are searching the web, going to retail stores, TV ads, word of mouth, and online reviews.

Detailed explanation-3: -Place. The means of getting the product into the consumer’s hands. Price. Strategies include determining list price as well as discounts and promotional pricing. Promotion.