Description of Elements of the Marketing Mix
The concept of the marketing mix reportedly originated in 1953 by Neil Borden through an extension and expansion of the work initiated by James Culliton in the year1948 . The marketing mix was described as a collaboration of varied inputs or ideas which are effectively used in the design of strategies pertinent to the organization’s 4Ps (Management Study Guide, 2013). The marketing mix is therefore composed of the four Ps: product, price, place, and promotion.
The product is described as the goods manufactured or produced by an organization; or the services offered to the clientele. As such, products were deemed ...