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What Are The 4 P’s of Marketing?
The 4 P’s of marketing are as follows:
- Product: It is one of the basic things of marketing. You need to emphasize very much on the quality and standard of the product which you are marketing in the local and global market. You need to be sure of whether your product will truly meet the need, standard and expectations of your customers both inland and overseas.
- Price: This is also one o the most notable actors in the field of national as well as international marketing. You always need to fix a very reasonable price for your product. Competition in the market is also a very important factors for fixing the price. You also need to keep notice of the general market price of the product other competitors are fixing in the same market field.
- Place: Your place of marketing is another very notable factor in managerial level. The choice ad taste of various customers regarding the same product can vary from one price to another. Ex: A product people of your nation are liking very much might not be liked so much by the foreign customers. Thus, you always need to do a very good market segmentation of the particular place or territory where you will launch your new product.
- Promotion: Last but not least, promotion is always needed before introducing or marketing any product at any place. There are various modes of product promotion like television, internet, newspapers, magazines, hoardings, advertisements, radio and many more. You always need to attract your new customers by promotion and publicity of your product. If you avail the 4 p’s of Marketing Assignment Help service from CaseStudyHelp.com, they will explain all the above-mentioned factors clearly to write the best marketing assignment.
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