Asked by
Mariel Bruintjes
on Nov 20, 2024Verified
Unlike product, promotion, or place, price is the only part of the marketing mix
A) that offers the opportunity for an oligopoly.
B) that is subject to gray market manipulation.
C) that leads to competition.
D) that generates revenue.
E) that is determined by the consumer.
Marketing Mix
A framework used by marketers to analyze and implement the four critical aspects of marketing: product, price, place, and promotion.
Generates Revenue
The process of creating income for a business or organization through various activities such as selling goods, services, or other assets.
- Understand the function of pricing within the marketing mix and its distinct feature of producing income.
Verified Answer
RS
Learning Objectives
- Understand the function of pricing within the marketing mix and its distinct feature of producing income.