Marketing Strategies

Which of the following is one of the Four P's of Marketing?

• Product

• People

• Process

• Performance

Which 'P' in the Four P's of Marketing is about the physical goods or services offered?

• Product

• Price

• Promotion

• Place

Which 'P' in the Four P's of Marketing involves the methods used to communicate with customers?

• Product

• Price

• Promotion

• Place

Which 'P' in the Four P's of Marketing is about the item being sold?

• Product

• Price

• Promotion

• Place

Which of the following is an example of a tangible product?

• Consulting service

• Mobile phone

• Online course

• Software subscription

What does demand refer to in pricing?

• How much people want the product

• The cost of advertising

• The number of competitors

• The quality of the product

What must be understood to start making pricing decisions?

• The product offering

• The competitor's strategy

• The market trends

• The customer demographics

What is the first step in making pricing decisions?

• Establishing a concrete understanding of the product offering

• Launching a marketing campaign

• Hiring more staff

• Reducing production costs

What is the main purpose of promotion in marketing?

• To reduce product costs

• To spread relevant product information to buyers

• To improve product quality

• To increase production speed

Which of the following is a part of social media marketing?

• Creating TV commercials

• Posting on platforms like Facebook and Instagram

• Designing product packaging

• Conducting in-store promotions