INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which function of business is based on the 4 P’s?
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Human resources
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Marketing
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Operations
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Management
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Explanation:
Detailed explanation-1: -The 4 Ps are the key factors in marketing a product or service: product, price, place, and promotion. Marketing refers to the activities of a company associated with buying, advertising, distributing, or selling a product or service.
Detailed explanation-2: -The 4Ps of marketing is a model for enhancing the components of your “marketing mix” – the way in which you take a new product or service to market. It helps you to define your marketing options in terms of price, product, promotion, and place so that your offering meets a specific customer need or demand.
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