4 P's of Marketing Mix PowerPoint Template is a combined business framework for different type’s solutions. That is, software solutions, consulting solutions, service solutions, product solutions, etc. the four Ps are the classifications involved in the marketing of a good or service, and they include the product price, place, and promotion. Often referred to as the marketing mix, the four Ps are constrained by internal and external factors in the overall business environment, and they interact significantly with one another. in the 1950s, Neil Borden popularized the concept of four marketing mixes. Today in business management, the concept of the four Ps marketing mix still has a vital part to play. Before the internet and greater integration between businesses and consumers, the marketing mix helped companies account for the physical barriers that prevented widespread product adoption. Later the 4 Ps became the 7 Ps marketing mix, adding three new mixes, including people, process, and physical evidence, as important components of marketing a product.
The four P's of marketing mix PowerPoint template created as an energetic yet acknowledged multi-staged diagram to capture all the significant factors impacting the subject of your meeting. Stages of product, price, place, and promotion are groomed in an easy learning format. Product refers to a good or service a company offers; ideally, a product should fulfill a certain consumer demand or a consumer believes that they need that product. A successful marketer should understand a life cycle of a product and the customer journey to that product. The price is the cost consumers pay for a product. The deliberate variations of a price may attract a potential customer. For example, if you lower the price, more consumers can try the product. In the 4 Ps marketing mix, the third and fourth concepts stand for place and promotion. Place decisions outline where a company sells a product and how it delivers the product to the market. Promotion includes advertising, public relations, and other promotional strategies.
4 P's of marketing mix PowerPoint template is an editable framework. The users will be able to fully take advantage of the graphics to the content. The slide elements are crafted with standard PowerPoint shapes, including the man’s animation. The shapes and the images ensure 100% attention of the audience.