Final answer:
The 4 core areas known as the 4 P's of marketing are product, price, place, and promotion.
Step-by-step explanation:
The 4 core areas known as the 4 P's of marketing are:
Product: This refers to the physical or intangible goods or services that a company offers to its customers. It includes aspects such as the features, design, quality, and packaging of the product.
Price: This refers to the amount of money that customers have to pay in order to purchase the product. It includes factors such as pricing strategies, discounts, and payment options.
Place: This refers to the locations where the product is made available to customers. It includes considerations such as distribution channels, logistics, and point of sale.
Promotion: This refers to the activities that a company undertakes to communicate and promote its product to its target audience. It includes strategies such as advertising, sales promotions, public relations, and direct marketing.