BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Inventory is not a function of marketing.

Detailed explanation-2: -Initially 4, these elements were Product, Price, Place and Promotion, which were later expanded by including People, Packaging and Process. These are now considered to be the “7 P’s” mix elements.

Detailed explanation-3: -The 7Ps of marketing are – product, pricing, place, promotion, physical evidence, people, and processes. The 7 Ps make up the necessary marketing mix that a business must have to advertise a product or service.