Principles of Marketing: 4Ps and 7Ps

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Which element of the marketing mix focuses on the value that the product provides to the customer?

Product

What is the primary focus of social marketing?

Promoting a social cause or idea

Which component of the promotional mix involves establishing a visual identity for an organization?

Branding

In services marketing, who is at the center of focus?

Customers

What are the components of the 4P's of Marketing according to the text?

Promotion, Place, Product, Price

Which elements were added by Booms & Bitner in 1981 to expand the 4P's to 7P's of marketing?

Physical Evidence, People, Process

Which step in the Marketing Process involves identifying the wants and needs of different market segments?

Identify and create products and services based on research

Which component is part of the Promotional Mix as mentioned in the text?

Public Relations

What does library marketing primarily involve?

Promotions, events, user research, and activities

Which branch of marketing involves creating and exchanging offerings with value for customers, clients, partners, and society?

Services Marketing

What is the key characteristic of relationship marketing as defined in the text?

Focusing on customer relationship management (CRM)

What is the primary goal of content marketing based on the text?

Attracting and acquiring a clearly defined audience

Learn about the essential components of the marketing mix including Place, Promotion, Advertising, Direct Marketing, Personal Selling, Public Relations, and Sales Promotions. Test your knowledge on the 4Ps and 7Ps of marketing.

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