The "5P" framework is a marketing concept that includes five key elements: Product, Price, Place, Promotion, and People. These elements help businesses strategize and effectively reach their target audience. Each component plays a crucial role in ensuring that a product or service meets customer needs and stands out in the market. In this framework, Product refers to what is being sold, Price is the cost to the consumer, Place involves distribution channels, Promotion encompasses marketing efforts, and People represents the target audience and staff involved. Together, these elements guide businesses in creating successful marketing strategies.