ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Some food manufacturers have created low sugar goods as a response to the trend in healthy eating. This is an example of changing customer needs having an impact upon which element of the marketing mix?
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Price
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Product
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Place
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Promotion
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Explanation:
Detailed explanation-1: -The marketing mix is the set of controllable, tactical marketing tools that a company uses to produce a desired response from its target market. It consists of everything that a company can do to influence demand for its product. It is also a tool to help marketing planning and execution.
Detailed explanation-2: -There are several benefits of the marketing mix that makes it important to businesses; Helps understand what your product or service can offer to your customers. Helps plan a successful product offering. Helps with planning, developing and executing effective marketing strategies.
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