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Place refers back to the real or virtual place from which a product or service can be obtained by way of a consumer. Another name used for place is termed "distribution channel". Promotion may be the manner in which an item will likely be communicated towards the average person. There are four distinct ways in which this might be done- 'point of sale', 'word of mouth', advertising and advertising. We may or might not exactly realize it but power generation, transmission and distribution is often a commercial activity like every other manufacturing or service industry. Of course as a result of very nature in the product, it comes under essential services which are regulated closely by the government in lots of countries. Still the primary motive of companies dealing with power generation and distribution is to earn profit by selling that electricity. In this article we're going to discover the concept of tariff and the a variety of costs associated with power generation.

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