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 questions might marketers ask when they are working on the product element of marketing:
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How much should the product cost?
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Where should the product be sold?
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What level of quality should be produced?
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What media should be used to promote the product?
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Explanation:
Detailed explanation-1: -In the product element of the marketing mix, marketers may ask themselves, “What level of quality should be produced?” “How much should the product cost?” is a question that would be asked in the price element.
Detailed explanation-2: -Promotion refers to the various types of communication that marketers use to inform, persuade, or remind customers about their products.
Detailed explanation-3: -Which of the following is a marketing metric that might be used to evaluate the performance of a company’s implementation of its marketing plan? portfolio analysis.
There is 1 question to complete.