Tuesday, November 10, 2009
16 Ps in Marketing- Modern Concept
Traditional 4 P's of marketing:-
1.Product
2.Place
3.Price
4.Promotion.
Further 3 P's were added to make a range of Seven Ps for service industries:-
5.Physical evidence
6.Process
7.People.
Other P's- (Note- Readers lets debate them through Comment)
8.Packaging
9.Positioning of brand/product.
10.Prestige of brand/product.
11.Pace (Speed of launch of product/new brands/advertisement).
12.Profit earning ability of brand/product.
13.Professional approach.
14.Pleasure to work for salesmen.
15.Performance consistency of product.
16.Productivity of sales personnel.
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