The correct answer is option 1- Margin.
Margin comes under price element of marketing mix.
The important product decisions include deciding about the features, design, quality, packaging, labelling and branding of the products.
| Marketing Mix: Elements |
| Product |
Price |
Place |
Promotion |
| Product Mix |
Price Levels |
Channel Strategy |
Promotion Mix |
| Product Quality |
Margins |
Channel Selection |
Advertisement |
| New Product |
Pricing Policy |
Channel Conflict |
Personal Selling |
| Design and Development |
Pricing Strategy |
Channel Cooperation |
Sales Promotion |
| Packaging |
Price Change |
Physical Distribution |
Publicity |
| Labelling |
Public relations |
| Branding |
| 
