Element of the Marketing Mix That Describes a Good,service,or Idea

question 163

Multiple Choice

element of the marketing mix that describes a good,service,or idea to satisfy consumers' needs is known as

• A) a product.
• B) the price.
• C) promotion.
• D) the place or distribution.
• E) a market segment.

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Definitions:

Labour Content

The total amount of work or labor input required to complete a task or produce a good, often measured in labor hours.

Political Risk

The risk associated with political changes or instability in a country that can affect the operations and profitability of businesses.

Operations Manager

A professional responsible for overseeing, designing, and controlling the process of production and redesigning business operations in the production of goods or services.

Location Clustering

A method used in data analysis and geographic information systems (GIS) to identify areas where entities are concentrated.