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Marketing
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==== Outline ==== '''Consumer (or client)''' The consumer refers to the person or group that will acquire the product. This aspect of the model focuses on fulfilling the wants or needs of the consumer.<ref name=":3" /> '''Cost''' Cost refers to what is exchanged in return for the product. Cost mainly consists of the monetary value of the product. Cost also refers to anything else the consumer must sacrifice to attain the product, such as time or money spent on transportation to acquire the product.<ref name=":3" /> '''Convenience''' Like "Place" in the 4Ps model, convenience refers to where the product will be sold. This, however, not only refers to physical stores but also whether the product is available in person or online. The convenience aspect emphasizes making it as easy as possible for the consumer to attain the product, thus making them more likely to do so.<ref name=":3" /> '''Communication''' Like "Promotion" in the 4Ps model, communication refers to how consumers find out about a product. Unlike promotion, communication not only refers to the one-way communication of advertising, but also the two-way communication available through social media.<ref name=":3">{{Cite web|url=https://catmediatheagency.com/4-ps-of-marketing-strategy/|title=Marketing Strategy: Forget the 4 P'S! What are the 4 C'S?|last=Hester|first=Brittany|date=9 April 2019|website=CATMEDIA Internal Communication|language=en-US|access-date=8 November 2019}}</ref>
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