ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Producer-Consumer is most likely to be used by a manufacturer of:
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chocolate bars
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DVD players
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mass produced cars
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specialist racing cars.
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Explanation:
Detailed explanation-1: -Farms selling directly to consumers have the advantage of setting their own price. Ideally the price should factor in all the costs of doing business, including inputs and labor, as well as a profit margin.
Detailed explanation-2: -The marketing mix, also known as the four P’s of marketing, refers to the four key elements of a marketing strategy: product, price, place and promotion.
Detailed explanation-3: -A wholesaler works more closely with retailers to match their needs through buying products in bulk at a discount. Therefore distribution is an important part of the distribution channel as it acts as the medium between the manufacturer and their customers.
There is 1 question to complete.