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Q.What is meant by marketing mix?

Punjab PsebPSEB Punjab Class 12 (Commerce) 2025Subjective· 2mImportance★★★★★
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Marketing mix is the blend of the four P's — Product, Price, Place and Promotion — used to satisfy customers.

Marketing mix refers to the set of marketing tools or controllable variables that a firm combines to produce the response it wants from its target market. It consists of four elements, popularly called the 4 P's: (1) Product — the goods/services offered along with their features, quality, branding and packaging; (2) Price — the amount charged and the pricing strategy; (3) Place (physical distribution) — channels and logistics to make the product available; and (4) Promotion — advertising, personal selling, sales promotion and publicity used to inform and persuade cus …

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