GK
MARKETING MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Price
|
|
|
Product
|
|
|
Physical Distribution
|
|
|
Promotion
|
Detailed explanation-1: -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.
Detailed explanation-2: -What are the 4 P’s of marketing mix? The 4 P’s are Product, Price, Place, and Promotion.
Detailed explanation-3: -Place: refers to the point of sale. In every industry, catching the eye of the consumer and making it easy for her to buy it is the main aim of a good distribution or ‘place’ strategy. Retailers pay a premium for the right location.
Detailed explanation-4: -They are product, price, place, and promotion.