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Week-1 Assignment

Week-1 Assignment

Q MKTG201 I004_Week-1 Assignment _Babila - Compare and contrast a four Ps approach to marketing versus the value approach (creating, communicating, and delivering value). Select and examine these approaches for at least one routine and non-routine problem. What would you expect to be the same and what would you expect to be different between two companies that apply one or the other approach?

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The four P’s approach and the value approach are both marketing tools that are used by companies to achieve marketing goal and attain a position in market that they are aiming at. The key difference between them is their approach towards marketing. While four P’s marketing approach is traditional in nature that pays primary attention to product, the value approach is more focussed on providing value to the consumers. The Four P’s approach of marketing consists of Product, Price, Place and Promotion.