Creating a good marketing plan using the 4 Ps—Product, Price, Place, and Promotion—can be a tough job for Year 11 students.
Product: Finding a good product can be hard. Some students might find it tricky to pick features that customers would really like.
Price: Picking the right price is often just a guess instead of using real research. This can result in selling the product for too little or too much.
Place: Choosing where to sell the product can be confusing. Students might not have much experience with how to reach their audience in the best way.
Promotion: Creating a way to promote the product needs a lot of creativity. This can be stressful, especially if there is not a lot of money to spend.
Research and Analysis: Encourage students to look up information about the market. This can help them make better decisions instead of just guessing.
Collaboration: Working in groups can give students different ideas. This makes it easier to understand the 4 Ps better.
Feedback Loops: Setting up regular check-ins can help students get better at their strategies, so they can handle challenges more easily.
Creating a good marketing plan using the 4 Ps—Product, Price, Place, and Promotion—can be a tough job for Year 11 students.
Product: Finding a good product can be hard. Some students might find it tricky to pick features that customers would really like.
Price: Picking the right price is often just a guess instead of using real research. This can result in selling the product for too little or too much.
Place: Choosing where to sell the product can be confusing. Students might not have much experience with how to reach their audience in the best way.
Promotion: Creating a way to promote the product needs a lot of creativity. This can be stressful, especially if there is not a lot of money to spend.
Research and Analysis: Encourage students to look up information about the market. This can help them make better decisions instead of just guessing.
Collaboration: Working in groups can give students different ideas. This makes it easier to understand the 4 Ps better.
Feedback Loops: Setting up regular check-ins can help students get better at their strategies, so they can handle challenges more easily.