Marketing mix - the four p's
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The marketing mix is a tool that is utilized to determine the best outcome for a business to release its' product/service. These are all vital pieces of information that must be used to in order to successfully release the product service. Since every company uses this model it depends on how creative each are that differentiates them.
- Price - If the price is too high no one will purchase the product/service, if it is too low no profit will be made.
- Promotion - How will the product/service be released to the market.
- Place - Where will the product/service be used?
- Product - What is it that you are creating and selling?