Which element of the marketing mix is the most visible and flexible?

1 answer:

4 0

the elements of product, price, place, and promotion which sport marketers manipulate to achieve marketing goals and objectives and are mostly visible and flexible. the price is in many ways one of the most visible, and for many organizations price is also potentially the most controllable and flexible element of marketing mix. The most visible element is price, and also it is seen to be possibly the most flexible element of the marketing mix, it is probably the most difficult to manage and it has to reflect the state of what matters is to understand that price does not stand alone, it interacts with the whole organization. Overall, price is very visible.

You might be interested in

Suppose that income tax revenues are maximized at an average (income) tax rate of 45 percent. If the Laffer curve is a correct d

galina1969 [7]

Answer:

-35 percent will reduce tax revenues.

-48 percent will reduce tax revenues.

3 0

2 years ago

Victoria, an advertising manager, works effectively when dealing with routine and well-defined tasks but she is not very good wi

julia-pushkina [17]

Victoria’s assumption is an example of projection. Projection is being defined as a way of having to defend themselves in regards to one’s unconscious impulses or the qualities that they have in a way of denying the attribute that they think it doesn't exist and attribute it to others.

8 0

3 years ago

Approach Company, which applies overhead to production on the basis of machine hours, reported the following data for the period

Aliun [14]

Answer: 10400 unfavorable

Explanation:

Firstly, we should note that the fixed overhead volume variance is the difference between the standard fixed overhead for actual output and the budgeted fixed overhead.

Budgeted fixed overhead = 780000

The standard fixed overhead for the actual output will be:

= Actual output × Number of hour per unit × the standard fixed overhead rate

= 14800 × 4 × 13

= 769,600

Then, the fixed overhead volume variance will be:

= 769600 - 780000

= 10400 Unfavorable

6 0

3 years ago

"A marketing management technique whereby the company's current product offerings are reviewed to ascertain whether each product

Burka [1]

Answer:

Product audit.

Explanation:

Product audit is defined as an evaluation of a finished product to see if it's use meets the intent or purpose of the product.

It involves a thorough check on the product to ensure it serves its purpose before it is release and supplied to the customer.

Product audit takes place after manufacturing is complete, if the product does not meet specified standards the auditor logs a non conformance. The products are usually repaired. If this is not possible the product is discarded.

3 0

3 years ago

Suppose that tacos and pizza are substitutes, and soda and pizza are complements. we would expect an increase in the price of pi

lozanna [386]

Answer: reduce the demand for soda and increase the demand for tacos

If tacos and pizza are substitutes, an increase in the price of pizza will increase the quantity demanded for tacos because consumers will substitute tacos for pizza. If soda and pizza are complements, then an increase in the price of pizza will reduce the demand for soda. For the same budget, a consumer may buy pizza alone.

7 0

3 years ago