Answered

Select the correct phrase from each box to complete the statement about the 4 Ps of marketing.

When companies use the 4 Ps effectively to market their products/services, they can present a product or service to the right consumer, at the right time, which can result in success for the business.



Answer :

GinnyAnswer

Final answer:

Explanation of the 4 Ps of marketing and their importance in achieving marketing success.


Explanation:

Product: Refers to the physical product or service being offered to customers.

Placement: Involves making the product available at the right place and time for customers to purchase.

Price: Determining the cost of the product to ensure it is affordable and competitive in the market.

Promotion: Involves marketing activities such as advertising and sales promotion to attract customers.

When companies effectively utilize the 4 Ps of marketing, they can reach the right consumers with the right product, at the right time, resulting in increased sales and profitability.


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