MANAGEMENT

Detailed explanation-1: -What are the 4Ps of marketing? (Marketing mix explained) The four Ps are product, price, place, and promotion. They are an example of a “marketing mix, ” or the combined tools and methodologies used by marketers to achieve their marketing objectives.

Detailed explanation-2: -Physical distribution is an element of marketing mix which refers to the physical handling and movement of goods from the place of production to the place of distribution. The main components of physical distribution are transportation, warehousing, material handling and inventory control.

Detailed explanation-3: -Place. This is where your business sells its products or services and how it gets those products or services to your customers. It’s also known as “distribution."

Detailed explanation-4: -a systematic approach to the achievement of marketing goals. Steps in the process include situation analysis; setting of objectives; strategy formulation; development of action programs; implementation; and control, review and evaluation.