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In-depth knowledge of the concepts of 4p’s of Marketing for assignment.
4 P’s Marketing Assignment Help defines the strategy which marketing managers follow to evaluate the target market segment. It comprises of 4 P’s which are Product, Price, Promotion, and Place.
1. Price: It is the money which is paid by the consumer to the seller and differs on the different distribution channel. Price plays an important role and determines the company's profit, and it has much impact on the formulated marketing strategy, and the price variation of the product affects the demand and sales. There are few pricing techniques used to provide the estimation of the pricing of the goods and services such as cost recovery pricing, penetration pricing, and price skimming.
2. Place: Refers to the distribution channel through which the consumer receives the product. There are many types of strategies such as intensive distribution, selective distribution, exclusive distribution and franchising which are utilized by the marketer to complement the other aspects of the marketing mix.
3. Promotion: Promotion is done to promote the product or services. It can be seen on TV, the Internet and Newspaper. Marketers take the support of various communications means to convey about the product, brand or organization to the consumers.
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