ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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If a marketer changes one marketing mix element, s/he should expect that the ____ will also change.
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strategy
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product quality
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goal
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other elements
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Explanation:
Detailed explanation-1: -Promotion is the set of activities that raise awareness of a product. Promotion ensures that the product is sold to the target customers. In service marketing, the 4Ps of the marketing mix are extended into the 7Ps. These comprise the original 4Ps, in addition to the process, people, and physical evidence elements.
Detailed explanation-2: -Pricing is the most important element of your marketing mix. The price you set for a product or service will significantly influence your potential customers’ choice to purchase it. Pricing will also affect consumer confidence in the benefits your product or service provides.
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