BUISENESS MANAGEMENT
MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Virtually all of the goods and services you use are marketed
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Marketing impacts our daily lives, our society, and even the environment
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The impacts of marketing can be both positive and negative
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All of the above
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Detailed explanation-1: -Option B is the correct answer. Marketing is a tool used to create awareness about the company’s products to increase demand for the products. This helps in increasing the company’s revenues. As the demand for the goods increases, the production activities will also increase, resulting in more jobs in the economy.
Detailed explanation-2: -Product, price, promotion, and place form the four Ps of the marketing mix. These are the key factors that are involved in introducing a product or service to the public.
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: -There are actually 3 big goals of marketing which include: Acquiring customers. Retaining customers. Turning customers into brand ambassadors.