INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Price
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Planning
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People
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Promotion
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Property
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Detailed explanation-1: -Promotion in the marketing mix refers to the communication that aims at promoting a product, activity, or a brand among the target customers; in order to drive sales, and involves both buyer and seller. However, promotion can also aim at building the reputation of the organization rather than just increasing sales.
Detailed explanation-2: -The promotion mix also contains four elements that companies use to meet their marketing objectives. The elements are sales promotion, advertising, personal selling, and public relations.
Detailed explanation-3: -Budget Available. Stage in the Product Life Cycle. Type of Product and Type of Purchase Decision. Target Market Characteristics and Consumers’ Readiness to Purchase. Consumers’ Preferences for Various Media. More items