Which of the Following Would Be Considered Part of a Firm's

question 154

Multiple Choice

Which of the following would be considered part of a firm's marketing mix?

• A) Identifying the best source of funds to finance a firm's marketing activities
• B) Determining the best pricing strategy for a product
• C) Establishing a production schedule that enables the firm to meet forecasted sales
• D) Designing the most efficient production plan

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Definitions:

Strengths

Positive attributes of an organization. These are internal resources and capabilities that support a company to achieve its mission, goals, and competitive advantage.

Weaknesses

Areas where a business or product lacks strength or is less competitive compared to others in the market.

Opportunities

Potential situations in the market that, when leveraged, can lead to the growth and success of a business.

Threats

External challenges or dangers that could potentially harm the operation, objectives, or survival of an organization or system.