ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Through this component of marketing mix, the goods and services are made available at right place, at right time to right people without change
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Place Mix
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Product Mix
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Promotion Mix
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Price Mix
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Explanation:
Detailed explanation-1: -Physical distribution by making the products reach at right time and on right place generates Time and place utility in them. That’s why it is said physical distribution plays a major role for an important element ‘Place’ of Market Mix.
Detailed explanation-2: -Place. In the marketing mix, the term “place” refers to the distribution of the product. Where does the customer buy the product? “Place” might be a traditional brick-and-mortar store, or it could be online.
Detailed explanation-3: -The components of the marketing mix consist of 4Ps Product, Price, Place, and Promotion. In the business sector, the marketing managers plan a marketing strategy taking into consideration all the 4Ps.
There is 1 question to complete.