Question

uestion 3 (1 point)

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Which of the following is one of the fundamental components of the marketing mix that involves determining the value customers must pay for a product or service?

Question 3 options:

Market Share


Segmentation


Target Market


Price

Answer 1

The correct answer is **Price**. The price is one of the fundamental components of the marketing mix, which also includes product, place, and promotion. It involves determining the amount that customers must pay for a product or service.