ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The product rather than the price
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Price rather than the product
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The product rather than promotion
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Promotion rather than the product
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Detailed explanation-1: -What are the 4 P’s of marketing mix? The 4 P’s are Product, Price, Place, and Promotion.
Detailed explanation-2: -If you don’t have a good product, you’re going to struggle to sell or retain customers. The product is the most important aspect of any marketing mix. It’s the thing that you’re selling, and it’s what your target market wants or needs. The job of a marketer is to define what a product does and its qualities.
Detailed explanation-3: -Importance of Marketing Mix 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. Helps businesses make use of their strengths and avoid unnecessary costs.