Question

What are the different elements of marketing?

1) selling
2) distribution
3) financing
4) price
5) promotion
6) product service management
7) marketing info management

Answer 1

The different elements of marketing include selling, distribution, financing, price, promotion, product service management, and marketing information management.

Step-by-step explanation:

The different elements of marketing include:

1. Selling: This involves the process of convincing potential customers to buy a product or service.
2. Distribution: This refers to the process of getting the product or service to the customers, often through channels such as retailers or wholesalers.
3. Financing: This involves managing the financial aspects of marketing, including budgeting and funding promotional activities.
4. Price: This refers to determining the cost of the product or service, taking into account factors such as production costs and competition.
5. Promotion: This includes advertising, public relations, and other activities that aim to create awareness and generate interest in the product or service.
6. Product Service Management: This involves overseeing the development, improvement, and maintenance of the product or service.
7. Marketing Information Management: This refers to the process of gathering, analyzing, and utilizing data about customers, competitors, and market trends to inform marketing decisions.