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The 15Ps of the marketing mix are Product, Price, Place, Promotion, Public, Personalization, Packaging, Protection, Positioning, Presentation, Payment, Purse, Pouch, Promise, and Principles. Each P contributes to a company's success in different ways. Product, Price, Place, and Promotion are the traditional 4Ps. They define what the company sells, how it's priced, where it's sold, and how it's promoted. The additional Ps add more depth. Public refers to the company's relationship with the public. Personalization is about tailoring products to individual customer needs. Packaging and Protection deal with how the product is presented and safeguarded. Positioning is about how the product is perceived in the market. Presentation covers the aesthetics of the product. Payment, Purse, and Pouch refer to the financial aspects. Promise is about the brand's promise to its customers, and Principles refer to the company's ethical stance. All these aspects together create a comprehensive marketing strategy that can drive a company's success.
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4Ps in marketing stands for Product, Place, Price and Promotion. Use this slide to introduce and explain the 4P's in detail and while creating your promotion strategy, remember to consider the tactics used by your competitors. 7Ps is an extended, modified version of the 4Ps and stands for People, Process and Physical Evidence on top of Product, Place, Price and Promotion. This slide can be used to elaborate on how 7Ps can improve the overall marketing strategy. Use this slide to list and explain the complete 15Ps of marketing mix: Product, Price, Place, Promotion, Public, Personalization, Packaging, Protection, Positioning, Presentation, Payment, Purse, Pouch, Promise and Principles.
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“Do I understand my customers? Do I address their full experience? Do I have the right talent?” The Marketing Mix concept was developed to address the...
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