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Katyanochek1 [597]
3 years ago
8

What does not represent one of the four ps of social marketing?

Social Studies
1 answer:
svetoff [14.1K]3 years ago
8 0

The correct answer is Presence of patent

The 4 Ps of Marketing, also known as Marketing Mix or Marketing Compound, are the 4 basic elements that make up any marketing strategy to reach an audience: Price, Place, Product and Promotion.

<u>Price</u>

It refers to how much and how the customer will be charged. In this regard, the product can be cheap or luxury. It can be charged only once or monthly. Among many other strategies such as psychological price, pay as you want, auctions, etc.

Usually the price is attributed to a company's financial strategy, but this is not the case. Of course, the sale of the product must be profitable, but it is the cost side of the company that needs to follow the price set by marketing, not the other way around.

<u>Place</u>

The square refers to the points of contact of the target audience with the product or service. The main one is the place where the sale will be made. In this case, it can be online or in physical stores. In many cases, it is interesting to think about using complementary services / products. For example, selling sports equipment in clubs or gyms.

The square also refers to media channels where the product will be displayed. The planning of this component of the marketing mix will be completely linked to the target audience.

<u>Product</u>

Within the concept of the marketing mix, the definition of product refers to intangible aspects much more than to technicians. There are some brand attributes that can be passed on when using a product or service.

An important practice in product definition is to try to understand which attributes valued by the public are ignored by the competition. Without leaving aside the positioning chosen by the company.

<u>Promotion</u>

The promotion refers to the entire scope of the dissemination strategies used by the company. Not only the channels, but the communication that will be passed on to the target audience. The personality of the brand and the language to be used are also very important points in the marketing plan.

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The action of  Pfizer is no way near an ethical act and was a clear violation of the ethical standards.This is true because

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Pfizer plc is not guilty of any ethical standard violation as it is a common practice for drug manufacturer to conduct tests on animals as well as human.And anyways the company conducted the tests on those human beings who will die with the epidermic which has already invaded the entire country of Nigeria.Hence in other to save/protect  a large number of human being the test on the few persons is ethical as it is done to protect the society at large

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In order for Pfizer to avert the consequences  of the violation then Pfizer should use the following five steps to create solution tom problem on ethical question these steps include

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  • Justification : Each decision made must have a justification for the entire process
  • Evaluation : it is highly crucial to evaluate the entire process

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