https://www.youtube.com/watch?v=HKQLm0KMBZ8
Please watch the video and answer the follwing questions
1. What is the 4Ps of Marketing mix?
2. Give two examples for marketing mix
What is the marketing mix? The marketing mix is a strategic framework that encompasses the key elements of marketing, commonly known as the 4 Ps: product, price, place, and promotion. A well-balanced combination of these elements is the fundamental building block of any successful business. It provides a systematic approach to understand and influence consumer behaviour, ultimately driving sales and fostering long-term customer loyalty. What are the 4 Ps of the marketing mix? By carefully considering each element of the marketing mix, you can create a cohesive and effective approach to product development, pricing, distribution, and promotion that will help you meet customer needs, differentiate your business from competitors, and ultimately achieve business success. Let’s explore the four basic elements of the marketing mix individually: Product: The tangible or intangible offering that your business provides to customers. It includes the features, design, quality, packagi...
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