Strategic Implications of 4P
Write a short description on the Strategic Implications of 4P's.
Expert
Strategic Implications of 4P’S:
The four Ps of marketing are respectively product, pricing, place and promotion.
• Product: the product of the firm must be right both for the firm and for the market. It should be easy, profitable and economical to produce and distribute from the point of view of the firm. Form the customers’ point of view, a product must satisfy their needs and expectations.
• Pricing: is a regulatory mechanism by which the seller and buyer come to mutually satisfactory understanding. It determines the sales volume and profit margins. Price structure affects the market share of the firm. Prices are important for the consumers as this will determine their purchasing power.
• Place: Place represents the location where a product can be purchased. It is frequently termed to as the distribution channel. It can comprise any physical store and also virtual stores on the Internet.
• Promotion: the need for promoting the product has increased due to stiff competition, widening market, rapid changes in consumers’ preferences and the growing distance between producers and consumers. The objective is to offer information, stimulate demand, and differentiate the product and stabilize sales.
How dissimilar is the simple squamous epithelium from stratified squamous epithelium? Where can such epithelia are found in human body?
Explore approaches applied by your chosen organisation in monitoring employee’s performance.
Give a brief explanation of vaccination.
Name the five classes of vertebrates? To which of such do human beings belong?
From lumen to the external surface which are the tissues which form digestive tube wall?
State the structures which form the part of nervous system?
This is also known as the grapevine, is not a planned or deliberately created channel of communication. It is free from all formalities. No formal organizational chart is followed to convey messages. It is based on the informal relations of the two persons, the sender and the receiver of communic
Briefly describe supremacy of TLC over paper chromatography?
What do such genetic changes tell us regarding the evolutionary history of milk tolerance in human populations?
PC Technology: It stands for "Personal computer." PCs are what most of us utilize on a daily basis for work or personal utilization. A usual PC comprises a system unit, keyboard, monitor, and mouse. Most PCs nowadays also encompass a network or Intern
18,76,764
1924914 Asked
3,689
Active Tutors
1446038
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!