4 P's Of Marketing

Which of these best describes Place?

• Understanding your products strengths and weaknesses.

• Basing price of your product based on competitor information and target audience.

• Advertising information about your product

• The effective setting of your product. The Time and Area your product is advertised.

Which of these best describes Promotion?

• Understanding your products strengths and weaknesses.

• Basing price of your product based on competitor information and target audience.

• Advertising information about your product

• The effective setting of your product. The Time and Area your product is advertised.

Which of these best describes Product?

• Understanding your products strengths and weaknesses.

• Basing price of your product based on competitor information and target audience.

• Advertising information about your product

• The effective setting of your product. The Time and Area your product is advertised.

Which of these best describes Price?

• Understanding your products strengths and weaknesses.

• Basing price of your product based on competitor information and target audience.

• Advertising information about your product

• The effective setting of your product. The Time and Area your product is advertised.

What should you base the price of a physical product around?

• Production cost of the product

• Relative wealth of your target audience

• Price of competing products

• The amount of education you have received

What are the 4 P's of marketing?

• Product, Price, Promotion, Place

• Production, Promotion, Product, Place

• Produce, Reduce, Recycle

• Pen, Paper, Pepper, Pope

What is the most important P of marketing

• Product

• Promotion

• Price

• Place

What is the goal of the 4 P's of marketing.

• To successfully promote a product amongst products similar to itself.

• To promote a product based solely with advertising at the right time.

• Destroying your competition with a better product.

Aspects of Place:

• Time

• Area

• Price

• Advertising Cost

Promotion is the various ways companies promote common and unique aspects of their product

• True

• False