Which of the following correctly describe the marketing mix for products?
Product,price,place,promotion
Product,price,place,production
Production ,price,place,promotion
Placement,promotion,price,place
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Answer:
Product Price Place Promotion
Explanation:
Commonly knows as the 4Ps of Marketing. They constitute the Marketing mix
product- it is the physical product which is to be marketed
price- the price of the product for which it is to be marketed
place- the place of Marketing the product, (the various channels of distribution)
promotion- promotional techniques used to market the product such as discounts, price off, buy one get one etc.
Note: The answer is a very basic explaination. To have a proper understanding of the concept I recommend referring to books or the internet.
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Product, price, place, promotion correctly describe the marketing mix for products.
Explanation:
- A marketing mix is a tool for business that is focused on the price, place, promotion, and the product that is called the 4 Ps of management.
- These act as tools to identify the targeted audience and provide a broad level of decision-making and analysis for the company.
- The product is an item that matches the need and wants of clients.
- The price is the amount of customer is willing to pay. It may be variable or fixed in nature. It includes setting high and low prices etc.
- The place is the location that refers to providing customer access. It provides convenience to the clients. Such as franchising, marketing coverage, and transport.
- Promotion is marketing communication such as PR events.
Learn more about the Which of the following correctly describe the marketing mix for products.
- brainly.in/question/11799465 answered by ParagBaishya.
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