Question

Explain the 4 P's of marketing mix.

Answer 1

The marketing mix is a crucial tool to help understand what the product or service can offer and how to plan for a successful product offering. The marketing mix is most commonly executed through the 4 P's of marketing: Price, Product, Promotion, and Place.

Answer 2

Marketing Mix is a set of marketing tool or tactics, used to promote a product or services in the market and sell it. The product will then be sold, according to marketing and promotional strategy. The components of the marketing mix consist of 4Ps Product, Price, Place, and Promotion.