The Product Is A Kind Of Good That Is Given To The Audience To Fulfill A Need Not Currently Met In The Market. It Can Also Be A Kind Of Service To Give A Novel Consumer Experience To Generate Demand. A Device Such As The Iphone Filled A Market Need By Combining A Phone And Ipod.


The Price Of The Service Or Product Mainly Includes Its Cost. Choosing A Price That Is Both Accessible To The Target Market And Meets A Business's Goals Is Essential When Marketing A Product Or Service. As An Example, If You Price Your Product Too High, You Are Unlikely To Sell It To Your Target Audience.


Place Refers To Where You Sell Your Product And How You Distribute It To Your Customers. Your Product's Location Is A Crucial Factor In Reaching Your Target Audience, Just Like Its Price. You Will Likely Not Meet Your Sales Targets If Your Product Is Placed In A Location Your Target Customer Does Not Visit – Whether Online Or Offline.


Promotion Is A Method By Which You Advertise Your Service Or Product. Using A Marketing Campaign That Resonates With Your Target Audience, You Can Spread The Word About Your Product. In This New Digital Era, You Can Promote Your Business Through Email Marketing, Social Media Marketing, And Content Marketing.