Tuesday, 20 October 2015

Marketing Mix : 4 Ps of Markeing : four Ps

Marketing Mix

4ps
Marketing mix help to understand of integrated marketing program to create, communicate and deliver value to customer.
Marketing mix help to make decision for influencing their end consumers and channel partners.

Product: 
which product we offer to our customer: Tangible (Goods) , Intangible (Service)
Variety of product
Product quality
Product design
Product future
Band
Packaging
Size
Warranties and return

Price:
Price is numeric value of product for that buyer have to pay.
Price on:
List of Price: the value on package, which depend on  distribution plan, value change cost, and how to defend rival.
Discounts            Allowances         Payment period                               Credit terms

Promotion:
Promotion is communication for targeting market, its create companies' stand for,
Promotion include:
Sales promotion               Advertising         Sales force          Public relation   Direct marketing

Place:
Place means, how to provide product to customer, how to end user get the product
Place include:
Distributors        Channel partners             Locations 






Reference: 
Marketing Management by Philip Kotler 

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