Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. general management
  3. descibe the elements of the marketing mix and how

Descibe the elements of the marketing mix and how they impact consumer buying behavior.

90.2K

Verified Solution

Question

General Management

Descibe the elements of the marketing mix and how they impactconsumer buying behavior.

Answer & Explanation Solved by verified expert
3.7 Ratings (681 Votes)
The marketing mix is a combination of certain elements used for the marketing of a specific product Elements of marketing mix are Product Products are produced by organizations to fulfill the demands of consumers Products can be tangible and intangible Buyers buy products that are sold in the market in exchange of money Price Price is the amount that a buyer pays for a product Price depends on the availability of the product and market conditions If the availability is high price will be low and viceversa Similarly if there is high demand and low supply price will be high Similarly if there is low demand and high supply then price will be low Place Place means location where the products are available for sell and purchase There are two types of market place physical market and virtual market In    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

According to a Gallup poll, 11.55% of American adults have diabetes. A researcher wonders if the...

Physics
1.2K views

Mickey, a daredevil mouse of mass 0.0215 kg , is attempting to become the world's first...

Basic Math
1.2K views

sider the following matrices 1 0 0 Z 1 a Find scalars a and b...

Calculus
1.2K views

Write the expression as a logarithm of a single quantity In x 93 In x...

Accounting
1.2K views

8 Becky trabaja en la lnea de montaje de una empresa de fabricacin donde instala...

Accounting
1.2K views

5 Exercise 13-15 (Algo) Dropping or Retaining a Segment (LO13-2) 171 points eBook References Thalassines...

Accounting
1.2K views

In its 2017 income statement, Noll corp. reported depreciation of $420,000. Noll reported depreciation of...

Accounting
1.2K views

Jones corp. reported current assets of $188,000 and current liabilities of $134,500 on its most...

Accounting
1.2K views

\table[[Direct labor-hours,Cutting,Finishing],[Machine-hours,7,900,70,000],[Total fixed manufacturing overhead cost,64,200,4,000],[Variable manufacturing overhead per machine-hour,$390,000,$577,000

Accounting
1.2K views

Check two catagories phrases that could be used to describe liaibilites. Unearned O current contributed...

Accounting
1.2K views

URGENT ElectroMart wants to idently a location for a...

Accounting
1.2K views

1. Introduction that coold potentially shif ber firms standing ia the competitive micreosobility market. 2....