ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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All of the 4Ps are designed by one person
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The 4 elements must complement each other
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The product is at the centre of informing other aspects of marketing
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The elements of the promotional mix will work well together
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Detailed explanation-1: -What are the 4Ps of marketing? (Marketing mix explained) The four Ps are product, price, place, and promotion. They are an example of a “marketing mix, ‘’ or the combined tools and methodologies used by marketers to achieve their marketing objectives.
Detailed explanation-2: -The 4 Ps of marketing refer to product, price, place, and promotion. These are the key elements that must be united to effectively foster and promote a brand’s unique value, and help it stand out from the competition.
Detailed explanation-3: -To effectively communicate with the target market, IMC should be carefully planned and implementation. The implementation involves using the four components of the promotional mix: public relations, sales promotions, personal selling, and advertising.