_____ is the most flexible element of the marketing mix.

_____ is the most flexible element of the marketing mix.

What is the most flexible element of the marketing mix?

Price

What are the 4 parts of the marketing mix?

The four Ps of marketing are the key factors that are involved in the marketing of a good or service. They are the product, price, place, and promotion of a good or service.

What is the most flexible of the promotional methods?

The most flexible promotional method is personal selling. Latosha is a salesperson at a Kmart store.

What are the five elements of the marketing mix?

The 5 P’s of Marketing – Product , Price , Promotion , Place, and People – are key marketing elements used to position a business strategically. The 5 P’s of Marketing, also known as the marketing mix, are variables that managers.

Why is price the most important element of the marketing mix?

Price is important to marketers because it represents marketers ‘ assessment of the value customers see in the product or service and are willing to pay for a product or service. Both a price that is too high and one that is too low can limit growth. The wrong price can also negatively influence sales and cash flow.

Which element of the marketing mix is the only element that produces revenue?

Pricing

What are the 8 P’s of marketing?

Using the eight ‘P’s of marketing – Product, Place, Price, Promotion … Olof Williamson was a Senior Consultant at NCVO, looking at the latest thinking on funding, finance and public services.

What are the 7 P’s of marketing?

Once you’ve developed your marketing strategy, there is a ” Seven P Formula” you should use to continually evaluate and reevaluate your business activities. These seven are: product, price, promotion, place, packaging, positioning and people.

You might be interested:  Green bay packers marketing

What are the 7 elements of marketing?

These 7 elements are: product; price ; place; promotion ; people ; process and physical.

What are three types of pricing associated with business products?

The three types of pricing associated with the pricing of business products are geographic pricing , transfer pricing , and discounting.

Which of the following is an element of the promotion mix?

While these five promotional mix elements —advertising, PR, promotions , direct marketing, and personal selling—have been around for decades, the marketing world is constantly evolving.

Which step of the personal selling process involves the initial contact with the prospective customer?

Prospecting is the step where salespeople determine leads or prospects. The pre-approach is used for preparing for the presentation through customer research and goal planning for the presentation. The approach is when the salesperson initially meets with the customer and determines a customer’s wants and needs.

What do the elements of the marketing mix focus on?

Definition: The marketing mix refers to the set of actions, or tactics, that a company uses to promote its brand or product in the market . The 4Ps make up a typical marketing mix – Price, Product, Promotion and Place. Pricing can also be used a demarcation, to differentiate and enhance the image of a product.

What are the factors affecting marketing mix?

Here are five factors that can make or break your marketing strategy . Your Understanding Of Your Target Market . Every marketing strategy has a target market that you want to reach. Communicating The Value To Your Customers. Watching The Data. Focus. Passion.

What are the six marketing communication elements?

The six major modes of communication in marketing include advertising, digital marketing, direct marketing , personal selling , public relations and sales promotion .

Jack Gloop

leave a comment

Create Account



Log In Your Account