Key Components of Marketing (The 4 P's):
Product: Defining what the product or service is, its features, and how it meets customer needs.
Price: Determining the cost, including pricing strategies, discounts, and payment methods.
Place (Distribution): Deciding where and how the product will be sold and delivered to the customer (e.g., online, retail stores, distribution channels).
Promotion: The activities used to communicate the product’s value to the target audience. Advertising is a component of Promotion.