Answer / Expected Explanation:
1. Product : The actual good or service being offered to the customer to fulfill a specific need.
2.Price : amount of money customers have to pay to purchase the product, balancing profit margins with market competitiveness.
3.Place : The channels and locations (online or physical) where the product is distributed and sold to reach the target audience.
4.Promotion : advertising, public relations, and sales strategies used to make the target market aware of the product.
Important -:- The 4 Ps are crucial for a new business because they provide a structured framework to build a solid marketing strategy, understand customer needs, and ensure that the product stands out in a competitive market.
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