ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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where the product will be sold
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how the business tells people about the product
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where the product will be sold
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None of the above
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Detailed explanation-1: -Definition: Promotions refer to the entire set of activities, which communicate the product, brand or service to the user. The idea is to make people aware, attract and induce to buy the product, in preference over others.
Detailed explanation-2: -Product promotion is the process of marketing a new or featured item or service to consumers. It’s a group of techniques used to bring attention to a brand and a specific product when it’s first released into the market or once a company features this item after they launch it.
Detailed explanation-3: -Advertising-A paid form of communication and promotion involving a product and its attributes.
Detailed explanation-4: -In addition to increasing immediate sales, sales promotions can also help your business: attract new customers. encourage loyalty and repeat purchases. get insights into customer behaviour.