Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Marketing

Question:

Which element of Marketing Mix refers to activities that make a firm's product available to the target customers?

Options:

Promotion

Place

Price

Product

Correct Answer:

Place

Explanation:

Place or Physical Distribution include activities that make firm’s products available to the target customers. Important decision areas in this respect include selection of dealers or intermediaries to reach the customers, providing support to the intermediaries (by way of discounts, promotional campaigns, etc.). The intermediaries in turn keep inventory of the firm’s products, demonstrate them to potential buyers, negotiate price with buyers, close sales and also service the products after the sale. The other decision areas relate to managing inventory, storage and warehousing and transportation of goods from the place it is produced to the place it is required by the buyers.