Asked by Kayli Swigart on Apr 28, 2024
Verified
Which of the following is referred to as the 'fifth P' of marketing?
A) Perception.
B) Psychology.
C) Person.
D) Participation.
E) Posting.
Marketing
The process of promoting, selling, and distributing a product or service, including market research and advertising.
Participation
The act of taking part or getting involved in something, ranging from activities and discussions to decision-making processes.
- Understand the marketing strategies utilized within social media platforms.
Verified Answer
EW
Elizabeth WilhelmsonApr 29, 2024
Final Answer :
D
Explanation :
Participation is known as the fifth P of marketing, which refers to the role of engaging customers and encouraging them to participate in the marketing process through various means such as contests, social media campaigns, events, and loyalty programs. This tactic can help create brand loyalty, increase customer engagement, and generate positive word-of-mouth marketing.
Learning Objectives
- Understand the marketing strategies utilized within social media platforms.
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