Answer to Question #258273 in Management for Ayanda

Question

Explain four principles of the marketing concept

Answer 1

1.      Price- this is money that is supposed to be paid by the customer for the service or products they receive.

2.      Product- this is what the business offers to their customers, either tangible or intangible.

3.      Place – this is where a client acquires the product or the placement of the business.

4.      Promotion- this is a way of making a product known and creating a positive impression of the brand of the product.