ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Product
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Ensuring that the retail price of the good or service is in line with competitor prices
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The development of new markets using improvements in technology
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Targeting customers with a product that has the right blend of functional and visual benefits, without being too expensive to produce
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The development of new methods of delivering the good or service to the customer
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Explanation:
Detailed explanation-1: -What are the 4Ps of marketing? (Marketing mix explained) The four Ps are product, price, place, and promotion. They are an example of a “marketing mix, ‘’ or the combined tools and methodologies used by marketers to achieve their marketing objectives.
Detailed explanation-2: -A marketing mix is the blending of product, distribution, price, and promotion to satisfy a target market.
There is 1 question to complete.