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Four Business Principles of Marketing

The 4 base principles of marketing include the product, price, place, and promotion. In fact, these 4 principles are also known as the “4 P’s” of marketing. These are the four key components that should be correctly implemented for any marketing strategy to succeed. In fact, determining the appropriate methods for each area and integrating them is the main challenge faced by a majority of business owners out there. This article provides information on the 4 base principles of marketing. Product The product can be a physical item or an intangible service. Creating the product should be done after a thorough research on the market segment that you plan to target. The product name, packaging, safety, and uses of it are important factors to consider when creating the product. You should also determine how the product is going to appeal to your specific market segment. In fact, your…