Asked by Kayli Swigart on Apr 28, 2024

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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.
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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.