Question

Short- Response

2. List and explain the four parts of the marketing mix.

Answer 1

Ans:- Marketing mix means multiple process ,ideas or practical components which is being used by the firms to market it's goods or company brand in the market. The four part of the marketing mix is also called four pillars of a marketing. The four P's of marketing are Place, Price, Product and Promotion.

Place- Where the product is sells that include marketing channel and distribution.

Product- The product is what the company sell it includes brands, services and packages.

Price- How much a company charge for a product that include discount price,offer price etc..

Promotion- Marketing strategy to sell a product that include advertising, publicity , sale Promotion etc.