Question : Which element of marketing mix is highlighted in the given statement? Statement: It means anything of value which is offered to the market to satisfy a want or need
Option 1: Product
Option 2: Price
Option 3: Place
Option 4: Promotion
Correct Answer: Product
Solution : Product means anything of value which is offered to the market to satisfy a want or need. The concept of product relates not only to physical product but also to benefits offered by the product. Product is a mixture of tangible and intangible features which can be exchanged for a value in order to satisfy customer needs.
Hence, option A is correct
Question : It means goods or services which are offered to the market for sale. Which element of marketing mix is highlighted in the given statement?
Option 3: Promotion
Option 4: Place
Question : Which element of marketing mix is highlighted in the given statement? Statement: It is a mixture of tangible and intangible features which can be exchanged for a value in order to satisfy customer needs.
Question : Which element of marketing mix is highlighted in the given statement? Statement:It involves decisions regarding selection of intermediaries.
Question : It includes deciding about the features,quality packaging,labelling and branding of the product. Which element of marketing mix is highlighted in the given statement?
Question : It includes activities that make organisationas' product available to the target customers. Which element of marketing mix is highlighted in the given statement?
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