Question

What components does a marketing strategy identify? (3)

A. Product, Price, Promotion
B. Place, People, Positioning
C. Planning, Performance, Profit
D. Packaging, Public Relations, Placement

Answer 1

A marketing strategy identifies the components that are essential for a successful marketing campaign: product, price, and promotion.

Step-by-step explanation:

A marketing strategy identifies the components that are essential for a successful marketing campaign. There are three key components that a marketing strategy identifies:

1. Product: This refers to the goods or services that the company offers to its customers. It involves decisions regarding product features, quality, and branding.
2. Price: This component determines the pricing strategy for the product or service. It involves decisions regarding pricing levels, discounts, and payment options.
3. Promotion: This component focuses on the communication and promotion of the product or service to the target audience. It involves decisions regarding advertising, public relations, and sales promotions.