Final answer:
A firm’s marketing mix would NOT include profit because profit is not a component of the marketing mix. The marketing mix refers to the combination of product, price, promotion, and place that a company uses to influence customers and achieve its marketing objectives.
Step-by-step explanation:
A firm’s marketing mix would NOT include profit because profit is not a component of the marketing mix. The marketing mix refers to the combination of product, price, promotion, and place that a company uses to influence customers and achieve its marketing objectives. Profit, on the other hand, is a financial measure that represents the difference between a firm’s revenue and expenses.