Question

If the company has selected its target market and positioning carefully, then its marketing mix strategy, including price, will be fairly straightforward. Of the following, which is NOT one of the common pricing?

A. Avoiding government intervention
B. Supporting re-sellers and gaining their support
C. Customer retention and building profitable customer relationships
D. Preventing competition
E. Grabbing international market share

Answer 1

The correct answer is A. Avoiding government intervention

Step-by-step explanation:

The marketing mix is ​​a concept that is used to define all the tools and variables available to the marketing manager. In the digital world, the marketing mix strategy consists of adapting the product, price, place and promotion to the digital context.

The Marketing Mix is ​​about putting the right product, in the right place, at the right time and at the right price. The hard part is doing well, since you need to know all aspects of your business plan.

For its part, the marketing mix is ​​predominantly associated with the 4P’s of marketing, the 7P’s of service marketing and the 4 Cs developed in the 1990s.

So the Marketing Mix is ​​basically composed of four main pieces that create the image of a successful business.

The price, the place or place, the promotion and the product, known as «4 Ps», are the basis of what your company is about. After all, selling the right product at the right price is how it is done in good business.