What is mix market give an example?
Answers
A mixed economy consists of both private and government/state-owned entities that share control of owning, making, selling, and exchanging good in the country. Two examples of mixed economies are the U.S. and France. A mixed economy moniters the power of monopolies.
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Explanation:
Marketing mix refers to the combination of elements used to promote products or services. These elements vary, based upon the analysis of the four main factors that influence marketing, which are referred to as the “four P’s” of marketing: product, price, place, and promotion. The intersection of these four factors influence the choice of specific marketing tactics that form the marketing mix.
Marketing mix is considered an essential marketing theory that all business people should know in order to be conversant in the field of marketing.