John Jones 8/15/2018
Business of foundation
What four main elements does the marketing mix contain? Explain the function of
each element briefly.
The four main elements are Product, Price, Place and also Promotion.
Product: This is what you are providing to the market.
Price: Things such as operational cost and distribution cost are some of the
common examples of what a price represents.
Place: The place you are offering your product is indeed a very important factor in
the marketing mix.
Promotion: Promotion is all about making your product as profitable as possible
as well as presenting to the customer the value of your product and what kind of
benefits it offers.