Define the four p/s of marketing. What does each include? Are they interrelated or are they independent?

Question

Explain your choice.

Answer 1

product- what is your product is it a service is it clear and defined. price- what is your price point will it vary by market or by retailer. place- where is your product available is it marketed to the right audience and promotion- who is your target market and what type of advertising will penetrate. I think all four factors are inter-related on many different levels for example price is dependent on product.. you will not sell high end fashions for Wal-mart based prices, price is also based on place the cost of living is determined larger cities often have a higher wage and therefor the cost of living, promotion is considered into the price as well the amount of promotion required for a product can raise the price or if the product and products are priced accordingly and all four aspects vary with each variable. hopefully its not to long :)

Answer 2

Product, which includes packaging design, branding, trademarks, warranties, guarantees, product life cycles and new product development
Price, which is setting profitable and justifiable prices
Place, which covers the physical distribution of goods
Promotion, which encompasses personal selling, advertising and sales promotion

Answer 3

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Answer 4

Product, price, place and promotion. Yes, they are all related.