What is 4P in the Market
Hi,
Today I am going to introduce about 4P in the market. As we know market is incomplete without these 4 P. These 4P are very important in the market.
These 4P are as
1- Product
2- Price
3- Place
4- People.
Here we will discuss about these 4 point in details.
1- Product-: As we know when we go in the market then we see the lot of products in the market like beauty products, electronic item , etc. These are all products in the market without these market can not run or incomplete.
Product is very necessary in the market when any company or factory launch the product they need to understand the requirement of the people.
Ex- When a company launch new product in the market without any survey Or with out knowing the interest of people it means that product will not sell so much and when same company take survey Or know the interest of people then they launch product in the market company will get more revenue.
So Right product is necessary in the market for get more revenue from market.
2-PRICE:- Price play very important role in the market. Because when we launch product in the market we need to set a price as per market standard. If you increase your price for same product which is already exist in the market at this time you will not get more benefits.
So When we launch any product in the market we need to survey for this product from target audience we need to analysis that how much should be coat for this product so that we can get more revenue from market.
When you have Right product so you need to fix the Right price for that product for get for revenue.
3- Place:- When you have right product and right price. After that we need a place to sell product so place are play very important role in the market. When you have product and price we need a place where we can sell. So choose those places where we can sell more product and also get more revenue. Suppose you have launch a new product in the market and you choose a place where your product have low demand at that time you will not get more revenue on the other hand when you choose a right place for your product then you will have more demand in that market so you will get more revenue.
Right place is very important in the market.
4-People :- people plays very important role in the market. Because these are main factor which consume your product or purchase your product in the market.
Suppose When you have product price and place but you don't have people who can buy your product so you will not get revenue.
On the other hand we need right people who need this product so that they can purchase such a product from market.
So target those audience where they need such kind of product then you will get more revenue.
4p is very important We need Right product with right price for right place and right people.
Thank you
Today I am going to introduce about 4P in the market. As we know market is incomplete without these 4 P. These 4P are very important in the market.
These 4P are as
1- Product
2- Price
3- Place
4- People.
Here we will discuss about these 4 point in details.
1- Product-: As we know when we go in the market then we see the lot of products in the market like beauty products, electronic item , etc. These are all products in the market without these market can not run or incomplete.
Product is very necessary in the market when any company or factory launch the product they need to understand the requirement of the people.
Ex- When a company launch new product in the market without any survey Or with out knowing the interest of people it means that product will not sell so much and when same company take survey Or know the interest of people then they launch product in the market company will get more revenue.
So Right product is necessary in the market for get more revenue from market.
2-PRICE:- Price play very important role in the market. Because when we launch product in the market we need to set a price as per market standard. If you increase your price for same product which is already exist in the market at this time you will not get more benefits.
So When we launch any product in the market we need to survey for this product from target audience we need to analysis that how much should be coat for this product so that we can get more revenue from market.
When you have Right product so you need to fix the Right price for that product for get for revenue.
3- Place:- When you have right product and right price. After that we need a place to sell product so place are play very important role in the market. When you have product and price we need a place where we can sell. So choose those places where we can sell more product and also get more revenue. Suppose you have launch a new product in the market and you choose a place where your product have low demand at that time you will not get more revenue on the other hand when you choose a right place for your product then you will have more demand in that market so you will get more revenue.
Right place is very important in the market.
4-People :- people plays very important role in the market. Because these are main factor which consume your product or purchase your product in the market.
Suppose When you have product price and place but you don't have people who can buy your product so you will not get revenue.
On the other hand we need right people who need this product so that they can purchase such a product from market.
So target those audience where they need such kind of product then you will get more revenue.
4p is very important We need Right product with right price for right place and right people.
Thank you
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