MKTP 103 Marketing Principles

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Marketing Principles are the most commonly used principles since the 1960s. These principles have stood the test of time and have remained unchanged for decades - some changes here and there. Companies follow these principles to develop successful marketing strategies.

There are four original marketing principles called the 4P or 4P marketing matrix that companies use in their marketing strategies. These four basic marketing principles: products, prices, location, and promotions are interconnected and work together; therefore they are also called marketing mixes. You can see some changes in these four principles; in addition, in the 1980s, some companies used these four principles to add two more principles called 4Ps.

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