Question

Which element of the marketing mix is the most flexible or easiest to change?

Answer 1

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★ Even so, price remains one of the most important elements that determines a firm's market share and profitability.

★ Price is the only element in the marketing mix that produces revenue; all other elements represent costs.

★ Price is also one of the most flexible marketing mix elements.

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Answer 2

QUESTION:-

Which element of the marketing mix is the most flexible or easiest to change?

ANSWER:-

• The price element of the marketing mix is the most flexible or easiest to change.

• Price is the answer.

EXPLANATION:-

• The Price Of The Product is one of the most essential parts of the marketing mix. Though, selecting the right price level is a challenging task. Various distinct marketing methods are used to assure that the price of the product is reasonable.

• The price element of the marketing mix is the most flexible or easiest to change because the prices of the products can be altered instantly, particularly in comparison to the adhesive behaviour of the other four Ps of marketing. For example, it takes months to substantially change the design of the product.

• In the price element of the marketing mix If the dealings cost or cost of shipping unexpectedly falls drastically, then the price of the product can be reduced for the improvement of sales. It is reasonable to keep higher than too low.

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