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YashTop Contributor
Content Writer
Asked a question 4 years ago

Describe the “4 Ps” in marketing related to pricing?

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Price in marketing includes the 4 Ps that is product, price, place, and promotion. The marketers in the company never get involved directly with the pricing. This pricing is having many short and long term factors. These factors are as follows:

- Reflecting the price to the competitors and considering the pay for the offering of the customer.
- Enabling the revenue and market shares to reach out to the customers.
- Maximizing the profits and providing the services that is offered by your business only.
- Making a stronger strategy to bring more users by giving them competitive analysis