Describing How a Service Stands Out from Its Competitors Would

question 46

Multiple Choice

Describing how a service stands out from its competitors would be what aspect of the marketing mix?

• A)product
• B)price
• C)promotion
• D)place

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Definitions:

Political Candidates

Individuals who run for office in governmental elections, seeking to hold a position within a government body.

Consumer Sovereignty

The theory that consumer preferences determine the production of goods and services, making consumers the driving force of the economy.

Fundamental Economic Question

The basic inquiries regarding how a society decides on the allocation of scarce resources to satisfy unlimited wants.

Market System

An economic system where decisions regarding investment, production, and distribution are based on supply and demand.