Question

Cindy worked for a retail company and noticed there were many things it could do better. She shared some of her ideas with upper management, but it did not want to do things differently. When Cindy went home to talk to her husband, they both realized that, given her passion, it would be better for Cindy to open her own business. After a lot of consideration, she decided to open a sporting goods store called Your Wish, Inc. She also knew just where to open the store⎯right next to her house.​To be certain to address all aspects of the business, Cindy hired a marketing research firm to determine the best location. Once all the research was compiled and analyzed, she realized that it would actually be better to open the store in a different area. She also realized that deciding where to locate the business was not the only major concern. More specifically, she would have to focus on the four elements of the marketing mix as well, creating a whole marketing plan. Her husband mentioned the possibility of using online information services to help with the business. With her husband's support and a good marketing plan, Cindy felt that she would be prepared to make the right decisions.Refer to Your Wish, Inc. Cindy thought about focusing on the four elements of the marketing mix. Which of the following is one of those elements?
(a)-Product
(b)-Price,
(c)-Place
(d)-Promotion

Answer 1

Answer:

The answer for this question is C.

:

Answer 2

Answer:

All of the options are elements of the marketing mix.

Explanation:

The marketing mix (4 Ps) for products are:

1. Product : what product is your business going to offer, e.g. Your Wish plans to sell sporting goods.
2. Price: at what price will your business sell its products.
3. Place : where are you going to sell your products, e.g. Cindy decided to open her store in a different area, not near her house.
4. Promotion: what activities will you carry out to make your product be known and wanted by potential consumers.