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, ... 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 four elements of the marketing mix, often referred to as the 4 Ps, are Product, Price, Place, and Promotion. This framework helps businesses strategize how to effectively market their products.
Step 2
Evaluate Each Option
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Answer
Now let's evaluate each option:
(A) Credit terms, positioning, segmentation, pricing: This option does not cover all four Ps fully, as it lacks a clear reference to Place.
(B) Advertising, warranties, pricing, public relations: This is related to Promotion and Price but misses Product and Place, hence it is incomplete.
(C) Discounting, packaging, advertising, distribution: This option covers multiple aspects of Price (discounting), Product (packaging), Promotion (advertising), and Place (distribution). Thus, it incorporates all four elements.
(D) Personal selling, branding, warehousing, publicity: This option focuses more on Promotion but does not adequately cover the other elements of the marketing mix.
Step 3
Choose the Correct Answer
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Answer
Based on the evaluation, the correct answer is (C) Discounting, packaging, advertising, distribution, as it includes all four elements of the marketing mix.