Is the following statement true or false: Marketing Mix is not a vital component for the success of the marketing effort.
Understand the Problem
The question is asking whether the statement 'Marketing Mix is not a vital component for the success of the marketing effort' is true or false. The marketing mix (often known as the 4Ps: Product, Price, Place, and Promotion) is a fundamental concept in marketing and is crucial for effective marketing strategies.
Answer
False
The statement "Marketing Mix is not a vital component for the success of the marketing effort" is false. The marketing mix, encompassing product, price, place, and promotion, is a fundamental aspect of a successful marketing strategy.
Answer for screen readers
The statement "Marketing Mix is not a vital component for the success of the marketing effort" is false. The marketing mix, encompassing product, price, place, and promotion, is a fundamental aspect of a successful marketing strategy.
More Information
The marketing mix is also known as the 4 P's of marketing; product, price, place, and promotion.
Tips
A common mistake is undervaluing one or more components of the marketing mix. All components should be considered.
Sources
- What is the Marketing Mix (4 P's of Marketing)? - TechTarget - techtarget.com
- Marketing Mix: The 4 Ps of Marketing and How to Use Them - investopedia.com
AI-generated content may contain errors. Please verify critical information
