BUISENESS MANAGEMENT
MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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profitable
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marketable
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extractive
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distributed
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Detailed explanation-1: -What is the advantage to a business of having its employees generate product ideas as a group? More participants provide a variety of perspectives. It is easier to develop and implement a product concept. Group members tend to reach consensus quickly.
Detailed explanation-2: -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-3: -There are 5 marketing concepts that organizations adopt and execute. These are; (1) production concept, (2) product concept, (3) selling concept, (4) marketing concept, and (5) societal marketing concept.