ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Used by businesses to shift old stock or where stock has not been selling as well as expected.
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Customers stockpile and won’t need to buy those products for a while.
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Either A or B
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None of the above
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Detailed explanation-1: -The marketing mix is the set of controllable, tactical marketing tools that a company uses to produce a desired response from its target market. It consists of everything that a company can do to influence demand for its product. It is also a tool to help marketing planning and execution.
Detailed explanation-2: -A promotional mix is a combination of marketing methods including advertising, sales, public relations and direct marketing to achieve a specific marketing goal.
Detailed explanation-3: -Offer loyal customers an exclusive preview. Use a special introductory offer. 3. Make use of Google My Business. Run a social media contest. Spread the word via email. Write a blog post. Host an event. Offer a complimentary upgrade. More items •29-Jul-2020