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of marketing: product, price, place, promotion. Knowing the 4 p’s in marketing will help you un-
derstand it’s purpose. Marketing is in all the aspects
Product of business, so it’s really important that you must
To be successful on selling a product you don’t just understand how to use it to increase your business’s
start selling it. success.
Price
Program Description
Marketers will compare competitors’ product prices,
or use focus groups and surveys, to determine how
The Dictionary defines Marketing as the much your customers are willing to pay. If the price “Marketing is a major function of business
action of selling and advertising prod- is too high, you’ll lose a big amount of customers, with a widely diverse field of job opportuni-
ucts. Marketing is present in all stages of but if the price is low you’re gonna lose more money. ties, including retailing, direct sales, adver-
the business. Marketers always research tising, physical distribution, logistics, and
Place
and analyze their customers, by conduct- purchasing. Information management, cus-
The Marketing department uses their analysis and
ing groups and sending out surveys. The understanding of consumers to know where and tomer service and public relations are also
purpose of Marketing is getting consum- how sell a product. They might believe an ecom- important aspects of the field. Marketing
ers interested in your company’s product merce site works better than a retail location. Or, continues to increase in importance in the
or service. This happens through market they can suggests locations where the product would world of commerce and industry and many
research and a good analysis of your con- be more viable, either nationally and internationally. managers are selected from successful mar-
sumers wants and needs. Marketing helps keting personnel. Students cultivate fresh
Promotion
in all the aspects of selling a product, it Promotion implies any online, print advertisement, viewpoints and leadership skills through
contributes by helping the development of event or discount, marketers creates to make aware- an open exchange of ideas and experiences
a product, the methods that they’re gonna ness and interest of the product and service, ulti- while participating in team activities and
be distributed, sales and advertising. mately it leads to more sales. On this stage, you’ll see problem-solving situations.” -Salt Lake CC