Price is a key element in the marketing mix because it relates directly to the generation of total revenue.

Name: Price is a key element in the marketing mix because it relates directly to the generation of total revenue.
Brand: Quizplus
Rating: 4.9 (31 reviews)

Question

Quizplus · Accepted Answer

Price is a critical component of the marketing mix because it affects the amount of revenue a company generates. Pricing strategies may impact demand for a product or service, influence customer perceptions of its value, and ultimately impact profitability.

Price Is a Key Element in the Marketing Mix Because