Here are the answers to your questions:
Question 1: One of the components of the marketing mix is:
- Answer: Price
Question 2: The group that is identified for a specific marketing program is called the:
- Answer: Target Market
Question 3: The term demographics refers to segmentation of the market based on where people live.
- Answer: False (Demographics typically refer to attributes such as age, gender, income, etc.; segmentation based on where people live is referred to as geographic segmentation.)
Question 4: Which is a characteristic of demographics?
- Answer: All of the above.
Question 5: An executive summary is a brief overview of the entire marketing plan.
- Answer: True