Thursday, February 26, 2009

We have learned 20 function keys of the marketing business. Some of them are the 4 p's opf marketing which are product,place,price,and promotion. Product is the goods the person sells to the costumers. place is where a person can find the product that the person is selling so that they know where to get it. price is how much the person is selling their product for for example you should sell the product at an affordable price so many people can buy it not just the people that have money. Promotion is how the person plans to promote his product. for example he can promote it in the tv and that would be a good idea because a lot of people watch tv and they will now know a good place to find what they are looking for. Another way to promote is in the newspaper so the readers know about your product also. These two ways are expensive to promote because it is very popular. Another way that is cheaper is by putting ur product in a big billboard sign so passing people can see it and another way is by passing out flyers to people. The way you can get more people to buy your product is by selling good quality items and with and affordable price so the people that buy something from you they can recommend your products to other people and so on, the people themselves make you more popular.

1 comment:

  1. Ivan,
    You gave a good explanation of the 4P's of the marketing mix, but did not discuss the other concepts we studied in class. For me to grade this as your test, you will need to explain the other concepts...otherwise, this will be considered incomplete in the gradebook.

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