ENTREPRENEURIAL MARKETING
MARKETING MIX
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
price, product, place, purchasing
|
|
product, place, purchasing, distribution
|
|
product, distribution, purchasing, & price
|
|
product, place, price, and promotion
|
Detailed explanation-1: -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-2: -The four Ps of marketing-product, price, place, promotion-are often referred to as the marketing mix. These are the key elements involved in planning and marketing a product or service, and they interact significantly with each other.
Detailed explanation-3: -Definition: The marketing mix refers to the set of actions, or tactics, that a company uses to promote its brand or product in the market. The 4Ps make up a typical marketing mix-Price, Product, Promotion and Place.
Detailed explanation-4: -There are five elements of a marketing mix, otherwise known as “the five P’s, ‘’ of marketing: product, price, place, promotion, and people. Careful consideration of these five elements will help a business better craft marketing plans that effectively reach their target audience.