The marketing mix refers to the set of tactics, that a company uses to promote its brand or product in the market using 4 P’s which is Price, Product, Place, and Promotion and marketing mix it’s about getting the right product, at the right time, and at the right price. While, the 7 P’s are being used mainly in the service industries that includes People, Process, and Physical evidance.
The importance understanding of Marketing mix are very crucial in the company. Many business didn’t up well or failed because they don’t know the right mix, However if a company well known about the composition of the right mix, it can make a lot of profit and a successful business.
Definitely Cori's Blog 