BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS POLICY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The marketing function consists of four policy instruments:Product policy, Pricing policy, Marketing communication policy and ____
A
Foreign marketing policy
B
Distribution policy
C
Locating policy
D
Costing policy
Explanation: 

Detailed explanation-1: -What Are the 4 Ps of Marketing? Product, price, promotion, and place form the four Ps of the marketing mix. These are the key factors that are involved in introducing a product or service to the public.

Detailed explanation-2: -The four Ps are a “marketing mix” comprised of four key elements-product, price, place, and promotion-used when marketing a product or service. Typically, businesses consider the four Ps when creating marketing plans and strategies to effectively market to their target audience.

Detailed explanation-3: -The 4 Ps of marketing are a collection of four essential elements of a marketing campaign-namely product, price, promotion, and place. Also known as “the marketing mix, ” the 4 Ps collectively create a framework for organizing and planning a marketing strategy for a product or service. Professor Neil H.

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