ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Marketing element requiring marketers to determine the amount of money they will ask in exchange for their products
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Promotion
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Place
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Product
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Price
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Explanation:
Detailed explanation-1: -Price: Capturing value-Marketers must determine the price of a product carefully on the basis of the potential buyer’s belief about its value. Everything the buyer gives up money, time, energy-in exchange for the product.
Detailed explanation-2: -Product: the goods, services, or ideas a business will offer its customers.
Detailed explanation-3: -There are five elements of a marketing mix, otherwise known as “the five P’s, ‘’ of marketing: product, price, place, promotion, and people. Careful consideration of these five elements will help a business better craft marketing plans that effectively reach their target audience.
There is 1 question to complete.