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Ivan
2 years ago
8

the marketing mix, often known as the four ps of marketing, represent areas that a firm can adjust to influence demand for its g

oods, services, or ideas. if a firm wanted to adjust the cost of a service by 2 percent to stay competitive, on which of the four ps would it be focusing?
Business
1 answer:
GrogVix [38]2 years ago
4 0

if a firm want to adjust the cost of a service by 2% to stay competitive, such firm will be focusing on the <u>Price in marketing mix</u>.

<h3>What is a marketing mix?</h3>

In marketing, these mix refers to those elements of a business's marketing that are designed to meet the needs of its customers.

The four elements of marketing mix are often called 4 'Ps' and includes:

  • price
  • product
  • promotion
  • place.

In conclusion, the firm will be focusing on the Price in marketing mix if a firm want to adjust the cost of a service by 2% to stay competitive,

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<u />

Read more about marketing mix

brainly.com/question/859394

#SPJ1

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