MANAGEMENT

Detailed explanation-1: -What Are the 4 Ps of Marketing? Product, price, promotion, and place form the four Ps of the marketing mix. These are the key factors that are involved in introducing a product or service to the public.

Detailed explanation-2: -Promotion is the marketing function which is concerned with informing the customers about the firm’s products.

Detailed explanation-3: -Market Information To identify the needs, wants and demands of the consumers and then analyzing the identified information to arrive at various decisions for the successful marketing of a firm’s products and services is one of the most important functions of marketing.

Detailed explanation-4: -The goal of marketing is to promote and sell products in a competitive marketplace, and referring to the seven marketing functions often while developing a campaign allows marketing teams to remain focused on their goals.