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Which of the following is a key component of a marketing mix?

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Question: Which of the following is a key component of a marketing mix?

Options:

  1. Human resources
  2. Financial management
  3. Product development
  4. Place

Correct Answer: Place

Solution: 

Place is one of the key components of the marketing mix, referring to how a product is distributed and where it is sold.

Which of the following is a key component of a marketing mix?

Practice Questions

Q1
Which of the following is a key component of a marketing mix?
  1. Human resources
  2. Financial management
  3. Product development
  4. Place

Questions & Step-by-Step Solutions

Which of the following is a key component of a marketing mix?
  • Step 1: Understand what a marketing mix is. It includes different elements that help sell a product.
  • Step 2: Identify the key components of a marketing mix. These usually include Product, Price, Place, and Promotion.
  • Step 3: Focus on the term 'Place'. This refers to how and where the product is made available to customers.
  • Step 4: Recognize that 'Place' is important because it affects how easily customers can buy the product.
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