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7 Cards in this Set

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Define the term marketing mix

combination of different factors firms use to create products that meet customer needs. Often called the 4Ps

Product

the good or service produced for sale

Price

the amount customers are asked to pay - including discounts or credit offers

Promotion

the methods used to inform and persuade customers to buy products

Place

the place where a product is sold and how the product gets to that place

distribution

how the product gets to the customer or place where is it sold

e-commerce

buying and selling online