Marketing Mix in Marketing Fundamentals
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Questions and Answers

What are the additional Ps added to the original 4 Ps framework?

  • Productivity, profitability, professionalism, packaging
  • Pricing, place, promotion, product
  • Planning, performance, positioning, procurement
  • People, process, physical evidence, partnerships (correct)
  • Which aspect focuses on the tangible cues and evidence that help customers evaluate a product or service?

  • Process
  • Partnerships
  • Physical evidence (correct)
  • People
  • What does the 'process' aspect refer to in the extended framework?

  • Distribution channels (correct)
  • Tangible evidence
  • Marketing strategies
  • Training needs of staff
  • What is a key purpose of 'partnerships' in the marketing context?

    <p>Adding credibility and reach</p> Signup and view all the answers

    Which part of the extended framework focuses on defining the strategic approach to pricing?

    <p>'Price'</p> Signup and view all the answers

    What is the main function of 'people' in the extended marketing mix framework?

    <p>Creating best customer experience</p> Signup and view all the answers

    Which component of the extended framework emphasizes strategic thinking in promotional activities?

    <p>'Promotion'</p> Signup and view all the answers

    'Physical evidence' in the extended framework primarily serves as:

    <p>A way to evaluate products or services</p> Signup and view all the answers

    Why is it important for businesses to consider 'partnerships' in their marketing efforts?

    <p>To add credibility and increase reach</p> Signup and view all the answers

    In the extended marketing mix framework, what aspect focuses on ensuring that all channels run effectively?

    <p>'Process'</p> Signup and view all the answers

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