4 P's Marketing Mix Example. However because of the increasing demands of the field theres been an introduction of 7 Ps of marketing which also includes components such as people positioning and packaging. Promotion - Communication d.
The Marketing mix is a set of four decisions which needs to be taken before launching any new product. These elements are discussed in detail under the 7 Ps marketing mix model. Identify the product to be analyzed.
These four variables help the firm in making strategic decisions necessary for the smooth running of any product organization.
The four components of this model are the product price place and promotion. 4 Steps to Develop the 4Ps of Marketing Mix. Some Additional Ps of Marketing mix. Answer the 4Ps questions surrounding this product.
