MANAGEMENT

Detailed explanation-1: -The place is where you market and distribute your product. Remember that not every place makes sense for every product. For example, if your target market is seniors, then it won’t make sense to market on TikTok.

Detailed explanation-2: -Place. Place is where you sell your product and the distribution channels you use to get it to your customer. Much like price, finding the right place to market and sell your product is a key factor in reaching your target audience.

Detailed explanation-3: -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-4: -The 4Ps of marketing-product, price, place, and promotion are still relevant and helpful. Brands use them to attract new customers, achieve their business goals, and introduce the product to the market.