ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A firm’s strategy is important because it shows
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how its goal will be reached
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how its prices will be lowered
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how its tactics will be organized
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how its marketing mix will be blended
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Explanation:
Detailed explanation-1: -Although the strategy may involve lowering prices or organizing the tactics, a firm’s strategy is important because it shows how its goal will be reached. The marketing mix is blended after the strategy is selected.
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: -Strategic planning is the process of developing and maintaining a strategic fit between the organization’s goals and capabilities and its changing marketing opportunities.
There is 1 question to complete.