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Product- nature of the product and speciality of the product
Price- skimming price etc....
Place- availability of the product--- Niche market or Mass Market
Promotions- buy one get one free,
people- Targeted crowd and the right leads to be used
Thank you for the invitation.
People:
it’s important to staff your business with the right people. If you run a hardware store, for example, you’ll need people knowledgeable in various areas of home improvement in order to run the business effectively.
Process:
is having a method in place to handle any issues that may impede the customer experience, such as how to deal with complaints.
Product:
means having extensive knowledge about what you’re selling. Knowing your product and communicating your enthusiasm for it can help translate into better sales.
Presentation:
involves presenting your product in an appealing fashion. This aspect is often overlooked, but can make all the difference in sales.
Finally, there is Price, which means charging a reasonable price for your businesses’ goods or services. There are more to each of the 5 P’s, but this is a good overview.
In addition to previous answers, 5 P(s) will help us ensure that customer will come back to us, not only by knowing it proves we're driven but we're also reliable and the 'go-to' all the time.
I agree with the colleagues's answer that believes and advocate the CUSTOMER FOR LIFE. On this the FIVE "P"s are the pillars built to ensure customer focused.
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