Questions and Answers
What are the elements of the Marketing Mix?
Product, Promotion, Price, Distribution
Which of the following is a part of the Promotional Mix?
Advertising
In the Marketing Environment, what does the term 'Micro' refer to?
The company, competitors, suppliers, intermediaries, customers, publics
Why is Marketing considered more than just a functional area?
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What separates 'Needs' from 'Wants' and 'Demands' in marketing terminology?
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Services can be stored for later sale or use.
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Intangibility in services makes it easy to evaluate the service before the customer experiences it.
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Inseparability in services means that the customer is not involved in the service encounter.
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