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4Ps Concept Paper for MCC Form

4Ps Concept Paper for MCC Form

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hello and welcome to today's lesson where we're looking at the four ps of marketing now the four ps of marketing also known as the marketing mix is a tool that can help you offer the right product in the right place at the right time and for the right price it can help you think about the customer focus choices you have to make when bringing a product to market so the four ps are product what is it that you sell and how does it fulfill your customers needs place where do you promote and sell your product price how much is your product and finally promotion how do your ideal customers find out about you so let's take a look at each of the four p's in a bit more detail creating a successful marketing mix begins with creating a product or service that fulfills a significant customer need so customers purchase your product because it satisfies a need or a want now these needs and desires are rarely basic so for example a customer may buy a luxury car to fulfill their need for status good m

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