The Four Ps of Marketing are super important for GCSE Business students. Let’s break them down simply:
Product: This is what you are selling. It should meet what customers want and be different from what other businesses offer.
Price: This is how much you charge for your product. It can affect how many customers buy it and how much money you make. You want to find the right balance between selling a lot and making a profit.
Place: This is about how your product gets to customers. It includes where you sell it and how it gets there, making sure people can easily buy it.
Promotion: This is all the ways you let people know about your product, like through ads or social media.
By understanding these four parts, students can learn how businesses sell their products smartly and meet what customers need!
The Four Ps of Marketing are super important for GCSE Business students. Let’s break them down simply:
Product: This is what you are selling. It should meet what customers want and be different from what other businesses offer.
Price: This is how much you charge for your product. It can affect how many customers buy it and how much money you make. You want to find the right balance between selling a lot and making a profit.
Place: This is about how your product gets to customers. It includes where you sell it and how it gets there, making sure people can easily buy it.
Promotion: This is all the ways you let people know about your product, like through ads or social media.
By understanding these four parts, students can learn how businesses sell their products smartly and meet what customers need!