CLEP Marketing

Category - Concepts

Marketers design a special marketing mix for a desired or target market. The following are components of a marketing mix except
  1. Product
  2. Price
  3. Process
  4. Promotion
  5. Place
Explanation
Answer: C - Marketers design a special marketing mix for a desired or target market. Product, price, promotion, and place are components of a marketing mix. A marketing mix distinguishes a target market by these components. For example, a promotional campaign used in a target market of senior consumers would be markedly different than one for college students. Similarly, a pricing strategy for a wholesale outlet would be different than one for individual retailers.
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