4p Analysis is also known as marketing mix for a product of a company. Four whee

Question

4p Analysis is also known as marketing mix for a product of a company. Four wheel analysis has 4 Ps which stands for.

Product
Place
Promotion
Price

These for specific P's have the wrong value in analysis of a product. In the product ,place, promotion and price we can easily determine the overall market value of the product as well as the best available market segment.

The most important p in the 4p analysis is the product. Product is on the top of the specific type of analysis and directly influence the customers by having any specific demand. All the products inside an organisation which are developed for low specific life cycle and it is necessary for the market as to understand importance of the product as this is the main constituent with which the organisation contact its customers.
All the usability that are being offered by the product have to be greatly understood by the organisations to maintain specific competitive advantage in the society. All the products which are being developed must have to be studied all the buyers for the same product should be analysed, define and very well understood.
Product is an identity of a brand hence we can say that product is one of the most prominent "P" from the 4p analysis. All marketing channels inside the organisation are interrelated with each other as the pricing directly dependent on the quality of the product as well as the place of sales. Sales is directly dependent on the promotion. If the sales changes then the pricing would also it change which would change the overall product. Promotion is not done for any specific product in the overall sales would also be affected.
It shows that all the factors inside the mix are correlated with each other.

Explanation / Answer

Hide Description From what you have read in the course, identify the "P" with which marketing channel is most associated/related and briefly discuss how Marketing Channels might be related to the other elements of the four P's. In addition to your post to the question above, you are required to make two other post (One each in response to the post form other students in the class) Start a New Thread

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