ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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3
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2
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4
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None of the above
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Detailed explanation-1: -The components of the marketing mix consist of 4Ps Product, Price, Place, and Promotion.
Detailed explanation-2: -The 4Ps of marketing is a model for enhancing the components of your “marketing mix” – the way in which you take a new product or service to market. It helps you to define your marketing options in terms of price, product, promotion, and place so that your offering meets a specific customer need or demand.
Detailed explanation-3: -The Second P of Marketing: Price Price is simple, it refers to how much you charge for your product (or service). Although it’s simple to understand, it’s really hard to come up with the “right” price. The one that doesn’t just drive the most amount of sales but also drives the most profit.