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In order to succeed in a business you have to address its key issues.
-What are the needs and wants of the customer and how the company is going to meet these by producing such products or services?
-How much company is going to charge for that product or service?
-What methods company is going to adopt to deliver its products or services to the customers?
-How the company is going to tell its customers about it availability and benefits?
Company is going to do it through4P’s Product, Price, Place and Promotion.
As the marketing become more demanding, another P was introduced with the name of People and very recently two more P’s have been added, Process and Physical Evidence which are normally for the service business. So this concept of P’s has become7P’S now. In Marketing it is also called the Marketing Mix.
The4P`s are tools of marketing.
Product
Price
Place
Promotion
The four (4) Ps of Marketing stands for the following:
A) Product
B) Price
C) Place
D) Promotion
product price place and promotion
Moving Pictures Experts Group
MPEG2 is the standard that was created to encode high quality videos, meant to be used for the, then emerging
a container format used to store both video and audio data, as well as a video format; MPEG-4 (video codec) refers to a well known compression method of the MPEG group
PricePlacePromotionPeople.
4 ps of marketing are product,price,place,promotion
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