GK
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is NOT usually defined as an element of the marketing mix?
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Product
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People
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Place
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Profit
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Explanation:
Detailed explanation-1: -Target market is not an element of the marketing mix.
Detailed explanation-2: -The four Ps of marketing are Product, Price, Place and Promotion. Patience does not come under 4 Ps of marketing.
Detailed explanation-3: -The four Ps of marketing is a marketing concept that summarizes the four key factors of any marketing strategy. The four Ps are: product, price, place, and promotion.
Detailed explanation-4: -Product, Price, Place and are the four elements of the marketing mix.
Detailed explanation-5: -Solution : Pricing is the element of marketing mix that affects the revenue and profits of a firm.
There is 1 question to complete.