ENTREPRENEURIAL MARKETING
MARKETING MIX
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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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Detailed explanation-1: -Promotion mix can be defined as “the element in an organisations marketing mix that serves to inform, persuade and remind the market of a product and/ or the organisation selling it, in hope of influencing the recipient’s feelings, beliefs or behaviour”.
Detailed explanation-2: -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.
Detailed explanation-3: -Physical distribution is an element of marketing mix which refers to the physical handling and movement of goods from the place of production to the place of distribution. The main components of physical distribution are transportation, warehousing, material handling and inventory control.