The challenge that service marketers -- or any marketer with service as a key part of their product/serivce mix -- must confront every day is, "How can we optimize the use of the traditional four P's -- product, placement, promotion, and price?" The answer: They can't. Because there are five P's, not four. And the power of the fifth P is so dominant that it often overshadows any of the other four when it comes to building a brand relationship.
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