12th Class Business Studies Marketing Question Bank Topic - 2 MCQs - Marketing Mix

  • question_answer
    Which element of marketing mix is used as a regulator of the demand of a product?

    A) Price

    B) Promotion

    C) Product

    D) Place

    Correct Answer: A

    Solution :

    [a] Explanation: Pricing plays an important role in marketing: generally, if the price of a product increases, its demand falls.


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