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Q.What is marketing-mix? What it includes?

Gujarat GsebGujarat Board (GSEB) HSC Commerce Board 2022Subjective· 2mImportance★★★★★
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Marketing-mix is the blend of the four Ps — Product, Price, Place and Promotion — used to satisfy customers and meet marketing goals.

Marketing-mix means the right combination of controllable marketing variables that a business uses to influence demand and satisfy its target market. Its elements (the 4 Ps) are:

  • Product — the goods/services offered, including quality, design, brand, packaging.
  • Price — the amount charged and pricing policies, discounts, terms.
  • Place — distribution channels, transport, storage that make the product available. …

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