The Food Marketing Mix and The Four Ps of Marketing
The four components of food marketing are often called the “four Ps” of the marketing mix because they relate to product, price, promotion, and place. One reason food manufacturers receive the largest percentage of the retail food dollar is that they provide the most differentiating, value-added service. The money that manufacturers invest in developing, pricing, promotion, and placing their products helps differentiate a food product on the basis of both quality and brand-name recognition.
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Famous quotes containing the words food and/or mix:
“Arguably the only goods people need these days are food and nappies.”
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