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

Gujarat GsebGujarat Board (GSEB) HSC Commerce Board 2024Subjective· 2mImportance★★★★★
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Marketing-mix = the blend of the 4 Ps: Product, Price, Place and Promotion.

Marketing-mix is the set of controllable marketing variables that a firm combines and adjusts to produce the response it wants from its target market. Its four main elements (the 4 Ps) are:

  • Product — the goods/services offered, including quality, design, features, branding and packaging.
  • Price — the amount charged, including pricing policy, discounts and credit terms.
  • Place (distribution) — channels, transport, storage and warehousing to make the product available. …

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