ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which question pertains to the price element of the marketing mix?
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Will the product be sold in a department store, boutique, or on the Internet?
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Should additional sales people be used at particular times of the day?
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Will the product be discounted at certain times of the year?
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None of the above
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Explanation:
Detailed explanation-1: -Promotion. These are the methods you use to communicate the features and benefits of your products or services to your target customers.
Detailed explanation-2: -Price in marketing mix refers to the value we pay in exchange for the product and services offered by a company. Price is considered a vital element of the marketing mix because it dictates a company’s survival and profit. Pricing of a product plays an important role in determining the success of a company.
There is 1 question to complete.