MANAGEMENT

Detailed explanation-1: -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: -The four Ps of marketing are product, price, place, and promotion. These are the key factors that are involved in marketing a product or service. You take the four Ps into account when creating strategies for marketing, promoting, advertising, and positioning your product or brand.

Detailed explanation-3: -The four Ps of marketing-product, price, place, promotion-are often referred to as the marketing mix. These are the key elements involved in planning and marketing a product or service, and they interact significantly with each other.

Detailed explanation-4: -Price: The amount of money paid by customers to purchase the product. Place (or distribution): The activities that make the product available to consumers. Promotion: The activities that communicate the product’s features and benefits and persuade customers to purchase the product.

Detailed explanation-5: -What is place strategy? Place strategy is an aspect of a company’s marketing mix that focuses on where the company sells its products so that they’re easily available to the target market. A marketing mix is a marketing strategy organized around the four Ps of marketing, which are product, promotion, place and price.