GENERAL KNOWLEDGE

GK

MARKETING MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Decision regarding credit sale belongs to which type of Marketing mix?
A
Price
B
Product
C
Physical Distribution
D
Promotion
Explanation: 

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.

There is 1 question to complete.