Asked by Limya Ahmed on Feb 18, 2024
Verified
When asking "Is this service something that is suitable for my target audience?" an entrepreneur is interested in what aspect of the marketing mix?
A) product
B) price
C) promotion
D) place
- Evaluating the market demand for the service
- Identifying the target audience's demographics and psychographics
- Understanding the target audience's preferences and needs
Verified Answer
CA
Connor Alexis
Feb 18, 2024
Final Answer :
A
Explanation :
The entrepreneur is specifically asking if the service meets the needs and wants of their target audience and if it will resonate with them. This falls under the product aspect of the marketing mix, which focuses on creating a product or service that satisfies customer needs and provides value.
Learning Objectives
- Evaluating the market demand for the service
- Identifying the target audience's demographics and psychographics
- Understanding the target audience's preferences and needs
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