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 is a marketing concept that summarizes the four key factors of any marketing strategy. The four Ps are: product, price, place, and promotion.

Detailed explanation-3: -Place. In the marketing mix, place refers to where your product or service will be sold. For tangible products, this will include physical locations such as your own store, or a retailer where your product will be resold.

Detailed explanation-4: -Place Mix Examples For instance, Apple came up with the notion of having its own retail shops, or Apple stores, to sell its products exclusively. The main factor in these stores is that the staff is more helpful because Apple’s operating system is highly complex, and it may not function as any regular operating system.