The Five P's Are Product, Promotion, Price, People and Possession

question 29

True/False

The five P's are product, promotion, price, people and possession.

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Definitions:

Central Business District

The oldest retail setting, usually located in the community’s downtown area.

Old-Town District

An area within a city known for its historical architecture and often sought after for cultural, tourism, and commercial activities.

Outlet Stores

Retail establishments that sell products directly from manufacturers at reduced prices.

Gap Factory Store

Gap Factory Store is an outlet store division of Gap Inc. that sells Gap-branded clothing and accessories at reduced prices compared to regular retail stores.