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- Price: This is the monetary value assigned to a product. Several factors can determine it, and different pricing strategies may exist depending on the overall business plan.
- Product refers to selling items that must perform to a certain standard.
- Place: The correct location where the product is sold is critical, and a premium is often paid for the ideal location.
- Promotion: Refers to advertising, marketing schemes, press reports, incentives, and other methods used to entice customers to buy a product.
Sales and marketing professionals are taught to use the four Ps to maximize product life in the market. This handy tool aims to fulfill the seller’s target and satisfy customer needs. When properly understood and applied, this marketing mix has proven to be a critical factor in the success of a product. At the same time, it is essential to maintain a constant focus on these four aspects of marketing, or the development or organization may lose market competitiveness.
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Aspects of Consumer Behavior Research
- Adding more value to a product or service to increase customer satisfaction.
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However, apart from that, educators will recognize the relevance of studying data in any organization. The digital survey is a business movement that assists organizations in determining which platform is best for understanding their customers and advertising their products. Through digital analysis, the business will progress toward organizational and individual growth and development.
Other related courses our experts give services;
|• MKT 3900 – Social Media Marketing and E-Commerce assignment help|
|• MKT 3910 – Consumer Behavior assignment help|
|• MKT 3920 – Entertainment Marketing assignment help|
|• MKT 3930 – Marketing Research assignment help|
|• MKT 3950 – Business-to-Business Marketing assignment help|