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4Ps Concept Paper for MCC Form

4Ps Concept Paper for MCC Form

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welcome to solve it like a marketer this episode we are looking at marketing mix and the four PS of marketing even though the marketing mix and four piece of marketing are sometimes used interchangeably they're actually not quite the same thing the simple definition of the marketing mix is about putting the right product in the right place at the right time and at the right price this is where your marketing mix strategy comes into play in 1960 a marketing professor Ichiro McCarthy defined what we now know as the four PS product price place and promotion now these are components of your marketing mix strategy they basically segment the marketing mix so that you can concentrate on each of these factors separately so whether you're a large corporation or a small business it's very important that you consider carefully how these four factors work together balance and complement each other within your overall strategy let's take a closer look let's s

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