Which of the following includes ALL four elements of the marketing mix?
(A) Credit terms, positioning, segmentation, pricing
(B) Advertising, warranties, pricing, public relations
(C) Discounting, packaging, advertising, distribution
(D) Personal selling, branding, warehousing, publicity - HSC - SSCE Business Studies - Question 8 - 2008 - Paper 1
Question 8
Which of the following includes ALL four elements of the marketing mix?
(A) Credit terms, positioning, segmentation, pricing
(B) Advertising, warranties, pricing, p... show full transcript
Worked Solution & Example Answer:Which of the following includes ALL four elements of the marketing mix?
(A) Credit terms, positioning, segmentation, pricing
(B) Advertising, warranties, pricing, public relations
(C) Discounting, packaging, advertising, distribution
(D) Personal selling, branding, warehousing, publicity - HSC - SSCE Business Studies - Question 8 - 2008 - Paper 1
Step 1
Identify the elements of the marketing mix
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Answer
The marketing mix traditionally consists of four key elements known as the 4Ps: Product, Price, Place, and Promotion. Understanding these components is crucial for identifying the correct answer.
Step 2
Analyze each option
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Answer
We will evaluate each option to see if it contains all four elements:
(A) Credit terms, positioning, segmentation, pricing: This includes pricing, but misses out on the other three key elements.
(B) Advertising, warranties, pricing, public relations: This includes pricing and some promotional aspects, but also lacks product and place.
(C) Discounting, packaging, advertising, distribution: This option covers pricing (discounting), product (packaging), promotion (advertising), and place (distribution). Thus, it encompasses all four elements.
(D) Personal selling, branding, warehousing, publicity: This option has elements of promotion and product but doesn't cover price or place.
Step 3
Select the correct answer
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Answer
The option that includes all four elements of the marketing mix (Product, Price, Place, Promotion) is (C) Discounting, packaging, advertising, distribution.