ENTREPRENEURSHIP

Detailed explanation-1: -Promotion component of the marketing mix is concerned with bringing products to the knowledge of customers and persuading them to buy. It involves decisions with respect to advertising, personal selling and sales promotion.

Detailed explanation-2: -The marketing mix consists of the four key elements of a marketing strategy: product, price, place and promotion.

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. Typically, businesses consider the four Ps when creating marketing plans and strategies to effectively market to their target audience.

Detailed explanation-4: -Expert Answer. The correct option is a. distribution strategy because it is very important for the organization to work properly for carrying out the distribution strategies, as these strategies only ensure that the product is available to the customers as per their requirements.