MANAGEMENT

Detailed explanation-1: -The marketing mix consists of the four key elements of a marketing strategy: product, price, place and promotion.

Detailed explanation-2: -The 4 Ps of marketing are a collection of four essential elements of a marketing campaign-namely product, price, promotion, and place. Also known as “the marketing mix, ” the 4 Ps collectively create a framework for organizing and planning a marketing strategy for a product or service. Professor Neil H.

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: -Advertising is a specific marketing communication activity that falls under the “promotion” element of the classic marketing mix–also known as the Four Ps of product, price, place and promotion. Sales is a broader function that’s involved in all four elements of the marketing mix.