Which Component of the Marketing Mix Involves Advertising and Hiring

question 72

Multiple Choice

Which component of the marketing mix involves advertising and hiring sales people?

• A)Price
• B)Product
• C)Place
• D)Promotion
• E)Production

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Definitions:

Economic System

The mechanism or set of processes by which a society organizes and distributes its resources, goods, and services.

Factors Of Production

The four economic resources: land, labor, capital, and entrepreneurial ability.

Economic Systems

The structure and methods by which a society allocates resources and distributes goods and services among its population.

Business Risk

The potential for financial loss or failure in the operation of a company due to factors like market conditions, regulatory changes, or operational challenges.