Marketing Mix

What are the elements of Marketing Mix?

• Profit, Product, Price, Placement

• Product, Price, Publicity, Placement

• Product, Price, Promotion, Placement

• Product, Price, Promotion, Purpose

What does the promotion element of the Marketing Mix include?

• Distribution channels, retail partners and online platforms.

• Advertising and sales promotion.

• Unique features and advantages over competitors.

• Discounts and coupons.

Which component of the Marketing Mix involves making your product available to customers?

• Product

• Price

• Promotion

• Placement

What are the number and letter used to refer to the elements of the Marketing Mix?

• 4M's

• 3C's

• 4C's

• 4P's

How should you address your product within your business plan?

• By discussing its unique features and advantages over competitors

• By describing your promotional events

• By analyzing competitors.

• 
  By showing SWOT analysis.

Which marketing strategy directly affects financial projections and profitability in your business plan?

• Price

• Promotion

• Placement

• None of them

What is the primary focus of the placement element in the Marketing Mix?

• Setting a competitive price

• To contract logistics and transportation services

• Communicating the product's value

• Making the product available to customers

What is the primary purpose of the Marketing Mix in a business plan?

• To add complexity to the plan

• To show your great knowledge on marketing

• To analyze competitors' marketing strategies
• To provide a structured framework for marketing strategies

What is the primary focus of the promotion element in the Marketing Mix?

• Reducing production costs.

• Manage customer relationships and deal with communication crisis

• Communicating the product's value to potential customers

• Develop new products

What is the main goal of the pricing strategy in your business plan?

• To make your investors richer

• To attract customers

• To ensure profitability and cover expenses

• To generate high revenues