BUSINESS ADMINISTRATION
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Product
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Price
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Place
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Promotion
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Plan
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Detailed explanation-1: -List price is not a part of product in marketing mix; it is the part of price mix.
Detailed explanation-2: -(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.
Detailed explanation-3: -A marketing mix includes multiple areas of focus as part of a comprehensive marketing plan. The term often refers to a common classification that began as the four Ps: product, price, placement, and promotion. Effective marketing touches on a broad range of areas as opposed to fixating on one message.
Detailed explanation-4: -A marketing strategy typically includes objectives, target audience profiles, content creation steps, key performance indicators, and other components. A marketing strategy will: Align your team to specific goals. Help you tie your efforts to business objectives.