Stukent Marketing Certification Practice Test

What are the four P's of marketing?

1. Product, Price, Promotion, Place

2. People, Process, Promotion, Price

3. Product, People, Place, Profit

4. Price, Promotion, Place, Performance

The correct answer is: Product, Price, Promotion, Place

The four P's of marketing are fundamental concepts that describe the key elements involved in the marketing of a product or service. The correct answer, consisting of Product, Price, Promotion, and Place, represents the core components of a marketing strategy. **Product** refers to the goods or services offered by a business, encompassing aspects such as quality, features, branding, and variety. This element addresses what the consumer is purchasing and ensures that it meets the target market's needs and expectations. **Price** is the amount that customers are willing to pay for a product or service. Pricing strategies can impact demand, profitability, and overall market positioning. It’s critical to set a price that reflects the perceived value and aligns with the target market's willingness and ability to pay. **Promotion** involves the marketing communications that create awareness and interest in the product. This can include advertising, public relations, social media marketing, and sales promotions, aimed at reaching potential customers and persuading them to purchase. **Place** refers to the distribution channels used to deliver the product to consumers. This encompasses the locations where a product is sold and how it is transported to those locations, which is essential for making the product accessible to the target audience. The other options provided include terms that