Read the passage carefully and answer the questions. A company called "EcoTech Appliances" has recently launched a new line of eco-friendly home appliances designed to help consumers save energy and reduce their carbon footprint. Marketing Strategies used by the Company: 1. The company has developed eco-friendly appliances with energy-efficient features and environmentally sustainable materials. The product is priced slightly higher than regular appliances but is positioned as a long-term investment in sustainability. 2. Eco Tech has adopted a premium skimming pricing strategy for eco-friendly appliances, positioning them as high-quality, sustainable products. 3. The products are available on both online and offline channels, including large retail stores and the company's e-commerce website. 4. EcoTech employs various promotional tools to create awareness and persuade customers to buy their products:
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"The company has developed eco-friendly appliances with energy-efficient features and environmentally sustainable materials". Which element of the marketing mix is highlighted here? |
Price Product Place Promotion |
Product |
The correct answer is option 2- Product. The given highlighted the product. The statement "The company has developed eco-friendly appliances with energy-efficient features and environmentally sustainable materials" refers to the features, quality, and design of the product itself. This clearly highlights the Product element of the marketing mix. |