By: A Staff Writer
Updated on: Jul 19, 2024
What: Aims to be more customer-centric than the 4Ps with: Customer (needs & wants), Cost (total cost to the customer), Convenience (easy to buy), Communication (two-way dialogue).
Who: Robert F. Lauterborn in 1990.
Why: Reflects changing times – it’s not enough just to blast marketing at people. Entrepreneurs need to truly understand the customer.
When: Alongside the 4Ps, offering a different lens to refine your marketing approach.
How: