{"id":1924,"date":"2018-12-19T09:38:29","date_gmt":"2018-12-19T09:38:29","guid":{"rendered":"https:\/\/www.makemyassignments.com\/blog\/?p=1924"},"modified":"2018-12-20T14:26:01","modified_gmt":"2018-12-20T14:26:01","slug":"the-four-ps-of-marketing","status":"publish","type":"post","link":"https:\/\/www.makemyassignments.com\/blog\/the-four-ps-of-marketing\/","title":{"rendered":"The four P\u2019s of Marketing"},"content":{"rendered":"

The favourite most topic of all business studies teachers when it comes to marketing is the four P\u2019s of marketing. This is perhaps because not only is this an important topic that holds much relevance in real life, but also because the topic is an interesting one.<\/p>\n

You will be often asked to make assignments<\/strong> on and explain the four P\u2019s of marketing while pursuing a degree course in this field.<\/p>\n

Read on to find out the key features of all of these aspects, and brush up your knowledge.<\/p>\n

Product<\/h2>\n

First and foremost, you need to decide the product or service that you will be offering to the customers in the market. This would require you to give a thought to the kind of product that would entice customers, and fascinate them enough to provoke them to buy it.<\/p>\n

When mentioning price in a marketing assignment, make sure that you include the following points:<\/p>\n

    \n
  1. The company should consider the needs of the customer, and their expectations from the specific product.<\/li>\n
  2. It is important to evaluate whether the product would be able to satisfy all the needs of the customer, and what all features does the product possess.<\/li>\n
  3. It is also essential to know how and where the customer can use the product.<\/li>\n
  4. Knowing the size and colour of the product is also important.<\/li>\n
  5. While talking about your own product, compare it to the other options that competitors offer, and find out how your product is different and better.<\/li>\n<\/ol>\n

    \"\"<\/a><\/p>\n

    Place<\/h2>\n

    Knowing the best place where you can sell your product is crucial. This will help you to reach the needy customers in the most effective way, and thus increase your sales.<\/p>\n

      \n
    1. Find out where the customer is probably going to look for the product. Will it be in a supermarket, a special shop or online?<\/li>\n
    2. Once this has been evaluated, go on to think about the best possible channel of distribution for your product.<\/li>\n
    3. Also know about the strategy of the competitors, and learn from them to boost your own business.<\/li>\n<\/ol>\n

      Price<\/h2>\n

      Price means the amount that the customer will pay to obtain that particular product, or avail a specific service.<\/p>\n

      While deciding the price of a product, the following needs to be kept in mind:<\/p>\n

        \n
      1. Find out whether the customers will even be able to afford your product, or is the price range too high.<\/li>\n
      2. It is important to consider if you can gain good profits by decreasing the price, or whether sticking to the normal price would be a better option.<\/li>\n
      3. Comparing your product price with the competitors is a must in order to determine the price of your own good\/service.<\/li>\n
      4. Also try and evaluate how offering discounts and other offers affect the sales of your products.<\/li>\n<\/ol>\n

        Promotion<\/h2>\n

        Promotion is important not only to introduce a new product into the market, but also to ensure that existing products are not forgotten.<\/p>\n

          \n
        1. While writing this section in your MBA assignment or your marketing assignment, you should make sure that you know the ideal way to promote the product. This could be the TV or radio advertising, billboards or the internet.<\/li>\n
        2. You should also give a thought to the best time to promote the product. If you are offering a seasonal product, then undertake promotion a few months before the onset of that season, and so on.<\/li>\n
        3. Try and evaluate the promotional strategy that your competitors are employing.<\/li>\n<\/ol>\n

          This article was\u00a0written by an\u00a0assignment expert<\/strong>\u00a0from\u00a0MakeMyAssignments.<\/a>\u00a0For more such\u00a0blogs and discussions\u00a0on these kinds of burning issues, visit the blog section of the website and feel free to share your valuable opinions with us. We also\u00a0provide\u00a0excellent assignment writing services<\/strong>\u00a0to students<\/a>\u00a0all across the globe to make sure that they\u00a0score well in their exams\u00a0and can find excellent jobs for themselves later on.\u00a0Our\u00a0assignment services<\/strong>\u00a0are reliable and affordable<\/a>, and will go a long way in helping you\u00a0achieve your long term goals!<\/p>\n

           <\/p>\n","protected":false},"excerpt":{"rendered":"

          The favourite most topic of all business studies teachers when it comes to marketing is the four P\u2019s of marketing. This is perhaps because not only is this an important topic that holds much relevance in real life, but also…<\/p>\n","protected":false},"author":1,"featured_media":1925,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,49,48,5,28,381,52,470,469,471,140,14,20,21],"tags":[414,477,476,519],"class_list":["post-1924","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-assignment-help","category-assignment-help-australia","category-assignment-help-uk","category-assignment-writing-service","category-education","category-entrepreneurship-assignment-help","category-essay-help","category-general-awareness","category-general-knowledge","category-informative-blogs","category-make-my-assignment","category-management-assignment-help","category-marketing-assignment-help","category-marketing-homework-help","tag-assignment-expert","tag-assignment-services","tag-excellent-assignment-writing-services","tag-make-assignments","entry","has-media"],"yoast_head":"\nThe four P\u2019s of Marketing - MakeMyAssignments Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.makemyassignments.com\/blog\/the-four-ps-of-marketing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The four P\u2019s of Marketing - MakeMyAssignments Blog\" \/>\n<meta property=\"og:description\" content=\"The favourite most topic of all business studies teachers when it comes to marketing is the four P\u2019s of marketing. 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