BUISENESS MANAGEMENT
MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which two of the following statements is true in relation to the marketing mix?Select two answers:
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Place is consistently seen as the most important element
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The mix is likely to change over time
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Promotion is always used to reinforce quality
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The mix needs to be co-ordinated in order to be successful
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Price is unimportant when operating in a competitive market
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Explanation:
Detailed explanation-1: -Which statement about the marketing mix is true? The primary way that marketers generate value is through decisions on product, price, place, and promotion. These elements are known as the four Ps of the marketing mix.
Detailed explanation-2: -Product, price and place are all elements of Marketing mix.
Detailed explanation-3: -The 4P’s make up the typical marketing mix and it includes Product, Place, Price and Promotion.
Detailed explanation-4: -Which of the following best describes marketing mix? b. It is the blend of marketing strategies for product, price, distribution, and promotion.
There is 1 question to complete.