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level: Marketing Mix

Questions and Answers List

level questions: Marketing Mix

QuestionAnswer
what is meant by product?the good or service the business provides to its customers
what is meant by price?how much a business charges for its products/services
what is meant by placewhere and how the product is sold by the business
what is meant by promotionhow customers are made aware of a product/service and are persuaded to purchase it
what are the four p's of marketing mix?price product place promotion