ENTREPRENEURIAL MARKETING
MARKETING MIX
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
The 4 components of the marketing mix are product, price, people, and place. True or false?
|
|
False
|
|
|
True
|
|
|
Either A or B
|
|
|
None of the above
|
Explanation:
Detailed explanation-1: -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-2: -What are the 4 P’s of marketing mix? The 4 P’s are Product, Price, Place, and Promotion.
Detailed explanation-3: -Price in marketing mix refers to the value we pay in exchange for the product and services offered by a company. Price is considered a vital element of the marketing mix because it dictates a company’s survival and profit.
There is 1 question to complete.