trade is a form of communication a company get out used to endorse a suffice or product. Marketing is the process of exploring what customers may want and how to meet their needs. It also involves qualification sure there is a profit to be make for the company. With market there is research done to decide on the ?product?, ?price?, how the product testament be ?promoted?, and where it forget be ?placed? or taked in the marketplace. This is process unremarkably called the ?4 P?s? of Marketing. (Armstrong, Kotler)ProductIdentifying what product will be marketed is the first element of the marketing mix. This requires the company to determine what occurrence is desired by the customer to fulfill their needs. Product brush off also refer to a type of service that is provided. tally to Perrault and McCarthy, (2004), ?the product of a political party is the set of causes it will work to achieve? The overall objective is to promote a product that will suffice the wants and needs of customers.
PlaceThe next tempo is place. Place refers to the delivery of a product or service to a location that customers may obtain it. This step is unavoidable to get the finished product from the company or line of merchandise to the consumer. Marketers need to consider the most efficient method to distribute an organizations product.
They need to develop a strategy for a communicate chain, identify the specific channel, inventory management, able to process orders and conveying to distribute the company?s product.
PromotionPromotion is the third part of the marketing mix. It is how the marketer will communicate, inform and persuade customers to purchase a product or service. There are many ship canal in which to market the product. The marketer may use advertisements, promotions on sales, and individual to help promote the service...
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