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Q.What is market Mix in marketing management?

(a) Product, Production, Physical distribution and Price
(b) Product, Transportation, Market and Customers
(c) Product, Competitors, Government and others
(d) Product, Price, Promotion and Physical distribution
Gujarat GsebGujarat Board (GSEB) HSC Commerce Board 2020MCQ· 1mImportance★★★★★
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The marketing mix = the 4 P's: Product, Price, Promotion and Physical distribution (Place). Correct option: (d).

Marketing mix is the combination of controllable marketing elements a firm uses to reach its target market. The four elements (4 P's) are:

  • Product — the goods/services offered.
  • Price — the amount charged.
  • Promotion — advertising, personal selling, sales promotion, publicity.
  • Physical distribution (Place) — channels and logistics to deliver the product. …

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