The elements of the marketing mix are the four Ps: product, price, promotion, and place.
1. Product: Refers to the goods or services that a company offers to its customers. This includes the design, packaging, branding, and features of the product.
2. Price: Refers to the cost that a customer pays for a product. This includes discounts, credit terms, and other pricing strategies.
3. Promotion: Refers to the methods used to communicate with customers and create awareness of the product. This includes advertising, personal selling, public relations, and sales promotion.
4. Place: Refers to the distribution channels used to make the product available to customers. This includes the location, logistics, and channels used to deliver the product to customers.