GENERAL KNOWLEDGE

Detailed explanation-1: -What are the 4Ps of marketing? (Marketing mix explained) The four Ps are product, price, place, and promotion. They are an example of a “marketing mix, ‘’ or the combined tools and methodologies used by marketers to achieve their marketing objectives.

Detailed explanation-2: -Strategic marketing planning is the process of writing and following a plan to reach a specific marketing goal. Companies may develop strategic marketing plans to increase revenue and profits, achieve greater visibility, discourage competitors or improve their appearance through a total rebranding.

Detailed explanation-3: -Every marketing plan must include a section on desired target market. False; when a marketing plan is not designed to enter a new target market or introduce a new product, it may not include a section on desired target market.

Detailed explanation-4: -What are the 5 P’s of Marketing? The 5 P’s of Marketing – Product, Price, Promotion, Place, and People – are key marketing elements used to position a business strategically.