Describe 4 elements that markets need for success

Explanation:

Price is all about supply in demand. A silly example of this could be selling cool erasers in elementary school when we were all little.

Product is all about how unique the item is to successfully market said item. Putting a price on a plain white t-shirt for $50 will most likely be turned down without some sort of graphic art would be.

Promotion is advertising, public relations, social media marketing, email marketing, search engine marketing, video marketing and more. Put something on the side of a billboard on a busy highway!

Place could determine whether or not the product being sold in said area is relatively ideal for any said terrain. For instance, a snowboard would likely be up north where there are mountains for it. A beach ball will go towards the coast where there are beaches!

These are the 4 P's, I hope this helps you!

The key elements of any successful marketing plan include the concepts of product, price, place and promotion, also known as the four Ps of marketing. The marketing mix of the four Ps functions as a guide to help the marketing manager successfully develop a strategy for promoting products and services to customers.

Explanation:

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