Explain The Following Statement: "Price Is The Only P In Marketing That Generates Income. The Rest Generate Expenses."
Explain the following statement: "Price is the only P in marketing that generates income. The rest generate expenses."
Explain the following statement: "Price is the only P in marketing that generates income. The rest generate expenses."
Actually, It is correct that the price can generate income but not only that, there are other Ps in marketing which can also do the same. The promotion product, and the place can also generate income. Thus, these should work together to get a positive result. The price should be competitive, the Product should be physically good, there should be enough promotional materials and the place should have customer traffic and visible to everyone.
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