BUSINESS ADMINISTRATION
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Finance
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Price
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Product/Service Management
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Selling
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Detailed explanation-1: -It serves as the face of your company, coordinating and producing all materials representing the business. It is the Marketing Department’s job to reach out to prospects, customers, investors and/or the community, while creating an overarching image that represents your company in a positive light.
Detailed explanation-2: -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-3: -Price: The amount of money paid by customers to purchase the product. Place (or distribution): The activities that make the product available to consumers. Promotion: The activities that communicate the product’s features and benefits and persuade customers to purchase the product.
Detailed explanation-4: -The pricing function involves determining and adjusting prices to maximize return and meet customers’ perceptions of value. This often involves deciding how much to charge for products so customers will want to buy and businesses will make a profit.