Essential Question

How can businesses create a marketing mix that helps a product succeed?

• By understanding customer needs and preferences

• By setting a high price for the product

• By ignoring competitors

• By focusing only on online marketing

Which of the following is not one of the 4 P's of the Marketing Mix?

• Product

• Price

• Place

• People

What are the 4 P's of the Marketing Mix?

• Product, Price, Place, Promotion

• Product, Price, Place, People

• Product, Price, Place, Process

• Product, Price, Place, Physical Evidence

Which of the following is not one of the 4 P's of the Marketing Mix?

• Product

• Price

• Place

• People

Successful businesses carefully balance the 4 P's to:

• A) meet customer needs

• B) stand out from competitors

• C) maximize profits

• D) all of the above

Fill in the blank: Successful businesses carefully balance the 4 P's to ______ from competitors.

• differentiate

• compete

• imitate

• blend

What does a strong marketing mix do?

• Builds brand loyalty

• Increases revenue

• Adapts to changing market conditions

• All of the above.

How do strategies in a marketing mix function?

• They work independently

• They match what customers want and how they shop

• They ignore customer feedback

• They focus only on brand image.

Businesses adjust their approach in a marketing mix because:

• they want to increase sales.

• they need to adapt to market changes.

• they aim to improve customer satisfaction.

• all of the above.

Successful brands connect with people by:

• creating emotional connections

• offering discounts

• having a large social media presence

• sponsoring events