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4 P's of Marketing - Assessment

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Assessment

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4 P's of Marketing - AssessmentVersion en ligne

Assessment

par Maria Olive Goldae Butial
1

PLACE PROCESSES PEOPLE PROMOTION PRICE PHYSICAL McCarthy PRODUCT Jerome EVIDENCE

The original marketing mix , or 4 P's , as originally proposed by marketer and academic E . , provides a framework for marketing decision - making .

The essential base ingredients of the 4 P's are : Product , Price , Place and Promotion .

A is a service or good offered to meet consumer interest or demand .

is the cost people pay for a product .

is the " home " where the product resides , and that " home " can live in many different channels , such as a physical store display , a newspaper , radio or TV ad , or a website or blog spotlight .

is product exposure and public relations efforts via advertising ( through the channels mentioned above ) as well as word of mouth , direct mail , email marketing and social media .

Since the inception of the original 4 P's of marketing , marketing experts have expounded upon the mix to include three additional P's to enhance brand exposure and sales performance .

These additional P's include : People , Process and Physical evidence .

have always been at the epicenter of the business world .

ensure consistent service delivery to every customer , at any time of day , on any given day .

? Almost all services include physical proof of a transaction , even if the bulk of what the consumer bought isn't tangible . It's something the customer can hold onto and recall about working with you .

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