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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place
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price
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promotion
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Detailed explanation-1: -What Is the Purpose of a Marketing Mix? At its core, a marketing mix is focused on promoting a product or service to generate revenue for a company. On the whole, it integrates key marketing strategies that create brand awareness, build customer loyalty, and drive product sales.
Detailed explanation-2: -What Does Product Mean In The Marketing Mix? Product is the first P in the marketing mix and is defined as physical goods or services sold to make a profit for the business. The product is why marketing exists, and the best products are created to solve consumers’ real-world problems.
Detailed explanation-3: -The four Ps are a “marketing mix” comprised of four key elements-product, price, place, and promotion-used when marketing a product or service.