ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is a blending of the product, price, place, and promotion used to reach a target market?
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Marketing Mix
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Marketing concept
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Marketing Strategy
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None of the above
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Explanation:
Detailed explanation-1: -The marketing mix, also known as the four P’s of marketing, refers to the four key elements of a marketing strategy: product, price, place and promotion.
Detailed explanation-2: -The four Ps of marketing is a marketing concept that summarizes the four key factors of any marketing strategy. The four Ps are: product, price, place, and promotion.
Detailed explanation-3: -The promotional objective in the maturity stage is to remind the consumers of the product’s existence. Advertising plays an important role in reminding consumers about the product/service.
There is 1 question to complete.