ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Product
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Packaging
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Place
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Price
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Detailed explanation-1: -Detailed Solution: The four Ps of marketing are Product, Price, Place and Promotion. Patience does not come under 4 Ps of marketing.
Detailed explanation-2: -These 4Ps make up a typical marketing mix. The strategy for each of these components cannot be decided independently. The strategies must complement each other and blend for the marketing plan to be successful. So, Passion is not one of the four elements that constitute a firm’s marketing mix.
Detailed explanation-3: -Place – the third P of the marketing mix The third P of marketing is about where you will sell your product or service. This encompasses both your distribution channels and your place in the market. Your distribution channels are the avenues through which you reach your target market.