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متابعة

What are the four Ps of strategy?

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تم إضافة السؤال من قبل Raafat Sallam , Organizational Development and Training Consultant , Training Centers, Marketing Organizations.
تاريخ النشر: 2014/01/05
Rehan Qureshi
من قبل Rehan Qureshi , Financial Consultant , Self Employeed

Marketing is a business function that identifies consumer needs, determines target markets and applies products and services to serve these markets. It also involves promoting such products and services within the marketplace.

Marketing is integral to the success of a business, large or small, with its primary focus on quality, consumer value and customer satisfaction. A strategy commonly utilized is the "Marketing Mix". This tool is made up of four variables known as the "Four P's" of marketing. The marketing mix blends these variables together to produce the results it wants to achieve in its specific target market.

The following describes the four P's of marketing:

Product

Products are the goods and services that your business provides for sale to your target market. When developing a product you should consider quality, design, features, money dollars covering costs expenses packaging, customer service and any subsequent after-sales service.

Place

Place is in regards to distribution, location and methods of getting the product to the customer. This includes the location of your business, shop front, distributors, logistics and the potential use of the internet to sell products directly to consumers.

Price

Price concerns the amount of money that customers must pay in order to purchase your products. There are a number of considerations in relation to price including price setting, discounting, credit and cash purchases as well as credit collection.

Promotion

 

Promotion refers to the act of communicating the benefits and value of your product to consumers. It then involves persuading general consumers to become customers of your business using methods such as advertising, direct marketing, personal selling and sales promotion.

Fazal Ebrahim Dawood
من قبل Fazal Ebrahim Dawood , Chief Executive Officer , Stardist Ltd

1 Perceptions : Listen regularly to Customers - Employees - Vendors - Regulators - Owners - &     Community 

2 Performance : Are we ahead ? Are we behind ? Benchmarking 

3 Purpose : Review regularly 

4 Process : Improve non stop 

When you implement the four P’s into your organization, you keep your strategy fresh and don’t become stagnant. 

Mohammed Hayat Ahmed
من قبل Mohammed Hayat Ahmed , Team Lead-IT DataCenter Operations , Confidential

1)Perspective: Distinct Vision.

2)Position:The Platform on which Service provider will compete.

3)Pattern:The fundamental way of doing Things

4)Plan: Startegies for Achieving Entire Goal& Visison of Organization.

Mohammad Tohamy Hussein Hussein
من قبل Mohammad Tohamy Hussein Hussein , Chief Executive Officer & ERP Architect , Egyptian Software Group

I agree with Mohammed Hayat

المزيد من الأسئلة المماثلة

هل تحتاج لمساعدة في كتابة سيرة ذاتية تحتوي على الكلمات الدلالية التي يبحث عنها أصحاب العمل؟