What 4P mean for marketing?

What 4P mean for marketing?

Product refers to what the business offers for sale and may include products or services. Product decisions include the “quality, features, benefits, style, design, branding, packaging, services, warranties, guarantees, life cycles, investments and returns”.

Price refers to decisions surrounding “list pricing, discount pricing, special offer pricing, credit payment or credit terms”. Price refers to the total cost to customer to acquire the product, and may involve both monetary and psychological costs such as the time and effort spent in acquisition.

I am a blockquote. Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Unknown Author

Place is defined as the “direct or indirect channels to market, geographical distribution, territorial coverage, retail outlet, market location, catalogues, inventory, logistics and order fulfilment”. Place refers either to the physical location where a business carries out business or the distribution channels used to reach markets. Place may refer to a retail outlet, but increasingly refers to virtual stores such as “a mail order catalogue, a telephone call centre or a website”.

Texas Web Design Digital Marketing Company
What 4P mean for marketing? 2

Promotion refers to “the marketing communication used to make the offer known to potential customers and persuade them to investigate it further”. Promotion elements include “advertising, public relations, direct selling and sales promotions.”

Bottom line

As a participatory media culture, social media platforms or social networking sites are forms of mass communication that, through media technologies, allow large amounts of product and distribution of content to reach the largest audience possible. However, there are downsides to virtual promotions as servers, systems, and websites may crash, fail, or become overloaded with information. You also can stand risk of losing uploaded information and storage and at a use can also be effected by a number of outside variables.

Tags:

Leave a reply

Your email address will not be published.

Call us

Phone:  +1 972 415 0798


Follow us
About
Stucy Web Designs Is A Dallas-Based Company That Specializes In SEO And Web Design Services. The Company Was Founded By Two Friends, Adam And Brad, Who Wanted To Provide North Texas Businesses With The Tools They Needed To Compete Online. We Are A Full-Service Digital Marketing Agency 
Get in touch
Please select one of contact form 7 for display.
Business hours

Monday
Tuesday
Wednesday
Thursday
Friday
Saturday
Sunday

9:00 am - 7:00 pm
9:00 am - 7:00 pm
9:00 am - 7:00 pm
9:00 am - 7:00 pm
9:00 am - 7:00 pm
9:00 am - 7:00 pm
Closed

Scroll to top
0
YOUR CART
  • No products in the cart.
%d bloggers like this: