BUISENESS MANAGEMENT
MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The combination of many ideas in publicity.
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The mix of businesses in the market.
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The mix of marketing researches.
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The mix of strategies applied in promoting a new product.
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Detailed explanation-1: -It refers to the thoughtfully designed blend of strategies and practices a company uses to drive business and successful product promotion. Initially 4, these elements were Product, Price, Place and Promotion, which were later expanded by including People, Packaging and Process.
Detailed explanation-2: -The marketing mix in marketing strategy: Product, price, place and promotion. The marketing mix is the set of controllable, tactical marketing tools that a company uses to produce a desired response from its target market. It consists of everything that a company can do to influence demand for its product.
Detailed explanation-3: -The marketing mix, also known as the four P’s of marketing, refers to the four key elements of a marketing strategy: product, price, place and promotion.
Detailed explanation-4: -Marketing Mix is a set of variables used to promote the brand, improve customer satisfaction and increase visibility. Promotion Mix involves using marketing tools to enhance the demand for a company’s product.