MANAGEMENT

Detailed explanation-1: -The average cost of all marketing activities is about 50 percent of the price of products. . Businesses that use the marketing concept benefit more from marketing than companies that do not. Marketing activities, including the use of promotion, cannot actually increase the sales of products and services.

Detailed explanation-2: -The average cost of marketing is approximately 25 cents of every dollar consumers spend. False. Businesses that emphasize distribution and promotion in order to sell the products produced are side to be sales-oriented.

Detailed explanation-3: -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.

Detailed explanation-4: -Marketing includes advertising, selling, and delivering products to consumers or other businesses. Some marketing is done by affiliates on behalf of a company. Professionals who work in a corporation’s marketing and promotion departments seek to get the attention of key potential audiences through advertising.