ENTREPRENEURSHIP

ENTREPRENEURIAL MARKETING

MARKETING MIX

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Four marketing decisions needed for the effective marketing of a product is called ____ (answer can me more than 1)
A
marketing mix
B
4Ps
C
Marketing affectiveness
D
marketing elasticity
Explanation: 

Detailed explanation-1: -The 4 Ps are the key factors in marketing a product or service: product, price, place, and promotion. Marketing refers to the activities of a company associated with buying, advertising, distributing, or selling a product or service.

Detailed explanation-2: -The 4 Ps of marketing is a model businesses use to control and optimize the essential factors of marketing a product or a service. The four components of the model are product (what you sell), price (how much you sell it for), place (where you sell it), and promotion (how you get customers).

Detailed explanation-3: -Price: The Most Important P in the Marketing Mix.

Detailed explanation-4: -Market Penetration Strategy. Market Development Strategy. Product Development Strategy. Diversification Strategy.

There is 1 question to complete.