Which of the Following Is Correct with Regard to the Elements

question 172

Multiple Choice

Which of the following is correct with regard to the elements in the marketing mix?

• A) Of the four elements, "product" is generally least important.
• B) The elements are all equally important, regardless of the product being sold.
• C) Price plays a small role in fresh meat, but a relatively larger role in selling newspapers.
• D) Distribution is not very important in marketing gasoline, but it is important for lumber.
• E) Promotion is vital in selling toys, but much less important in selling nails.

---

Definitions:

Cost of Living

The amount of money needed to cover basic expenses such as housing, food, taxes, and healthcare in a certain place and time.

Consumer Price Index

An index measuring the average change in prices paid by consumers for goods and services over time.

Standard of Living

The measure of affluence, well-being, and availability of physical assets and essential services for a person, collective, or societal group.

Italian Wine

Italian wine comes from Italy, one of the world's oldest and most renowned wine-producing countries, known for its diverse range of wine types and styles.