BACHELOR OF BUSINESS ADMINISTRATION

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BUSINESS ADMINISTRATION

MARKETING MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Fill in the following blanks to explain how marketing has helped consumers bya. Lowering ____ of goods through competitionb ____ customers about goods and servicesc. Offering a ____ of products and services
A
Prices b)Informing c)Wide Variety
B
Informing b)Offering c)select quality
C
Complaints b)Reaching c)specific niche
Explanation: 

Detailed explanation-1: -For customers with clearly defined needs, marketing provides a means of learning about new products and what they do. Marketing can also include more practical information to assist in making a purchase, such as addresses, phone numbers, product release dates, store hours and Web addresses.

Detailed explanation-2: -To sum up, the marketing concept is based on the following pillars: (i) Identification of market or customer who are chosen as the target of marketing effort. (ii) Understanding needs and wants of customers in the target market. (iii) Development of products or services for satisfying needs of the target market.

Detailed explanation-3: -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-4: -What are the 4Ps of marketing? (Marketing mix explained) The four Ps are product, price, place, and promotion. They are an example of a “marketing mix, ” or the combined tools and methodologies used by marketers to achieve their marketing objectives.

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