MANAGEMENT

Detailed explanation-1: -The most important element in the marketing mix is the product.

Detailed explanation-2: -Although the product is the most important part of the marketing function, it needs other elements intertwined in order to succeed, such as promotion, place, and price.

Detailed explanation-3: -The elements of a marketing mix are the aspects of marketing that a business will leverage to promote its goods or services. There are five elements to consider: product, price, place, promotion, and people.

Detailed explanation-4: -This lesson revealed that place in marketing mix plays a major role in the distribution and flow of goods, because it ensures that the product is in the right place at the right time. Without proper product placement, customers are likely to look elsewhere for what they need or desire.