The Particular Combination of Product,place,promotion,and Price Is Called

question 83

Multiple Choice

The particular combination of product,place,promotion,and price is called

• A) marketing position.
• B) product life cycle.
• C) market segmentation.
• D) marketing mix.
• E) marketing leverage.

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Definitions:

Network Externality

The increase in the value of a good or service to an individual is greater when a large number of others own or use the same good or service.

Positive Externality

A beneficial effect experienced by a third party due to an economic activity, without compensation.

Socially Optimal

Refers to a state or condition in which resources are allocated in the most efficient manner from the perspective of society as a whole, maximizing overall well-being.

Market Quantity

Refers to the total amount of a particular good or service that is available for purchase in a market at a specific point in time.