ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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One of the aims of promotion is to:
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lower the price of the product
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update the product
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inform consumers about the product
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to lower the costs of producing the product
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Explanation:
Detailed explanation-1: -The aim of promotion is to increase brand awareness, create interest, generate sales or create brand loyalty. It is one of the basic elements of the market mix, which includes the four Ps, i.e., product, price, place, and promotion.
Detailed explanation-2: -Advertising is defined as any form of paid communication or promotion for product, service and idea.
Detailed explanation-3: -The objectives of a sales promotion are to increase consumer demand, stimulate market demand, and improve product availability.
There is 1 question to complete.