If you are doing MBA in marketing or any diploma or certificate course on it, you will learn a lot about 4P’s of marketing. You will also face several assignments and case studies on the same topic. 4Ps of marketing is a great tool, very useful for the sales promotion. We are providing state-of-the-art 4 Ps of marketing Assignment Help to the students like you. Our only aim is to help you achieve high marks or higher grades in the examinations.
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An Overview of 4Ps of Marketing
As discussed above the 4Ps are Product, Price, Promotion, and Place. Here is what you need to know about the 4Ps of marketing:
- Product: This is the most important P among the 4Ps of marketing. In fact, the remaining Ps are designed depending on the product. It can be a tangible good like any FMCG product or it can be an intangible one like an insurance policy. No matter what the product is, you have to be very clear regarding the utility of the product to the general public. You should list up to its utilities as also its unique points that make it different in the market. In this highly competitive market product differentiation is indeed very important. That is how you can attract the potential customers or keep the existing ones.
- Place: Just having a great product is not good enough until you are selling them in a right place. Often you will listen from the experts that marketing is selling the right product in the right place. So, if you want to open a tourism business you should look for a proper market where it has a high demand or if you want to start a hotel business there is no point in starting in a remote place.
- Price: In this highly competitive market price matters a lot. You are in the right place with the right product so also your competitors. So, what actually makes the difference? Of course, it is the price of the product that makes the difference. Your product should be reasonably priced. One way you have to survive in the market, on the other hand, you are in the business for making some profit.
- Promotion: You are in the right place with the right product and you are selling the product at a reasonable rate. But that is not enough. You have to use different Above the line and Below the line promotional methods to aware the market that you are present there. These days, sales promotion is getting extremely innovative with different modes of promotional tools available with a specific You have to select the most suitable ones depending on the targeted market and your budget.
So, you now understand the relevance of 4Ps for any product marketing. Every company prepares a precise strategy in this matter beforehand targeting the market and dreaming something big. These days, with the advent of e-commerce the nature of 4Ps has been changing drastically. People are now more informed regarding the national and international markets, so the challenge to the 4Ps experts is tougher.
In any assignment on 4Ps of marketing assignment, you will be given similar challenge where you have to act as a marketing consultant and provide a suitable 4Ps strategy to the company head.
4Ps Marketing Assignment help
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