Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Marketing

Question:

On the basis of the information given in the case, answer the next five questions.

"Just Foodie" is a food chain offering different snacks like chips, biscuits, chocochip cookies, cakes, etc. through their own retail outlets. To make their products available to customers at right time, right place, they are also selling their products to grocery stores in addition to their own outlets. The taste, quality and packing are given utmost care. They are offering good quality, so they able to charge higher price than their competitors. To increase their sales, they are using different offers like Free gifts, Cash backs, etc. They are offering discounts to customers on various occasions. All these considerations have made "Just Foodie" a complete success and they are able to win over different competitors in the market, and their market share is rising continuously.

Identify the element of marketing mix in the following statement:

"The taste, quality and packing are given utmost care."

Options:

Product mix

Price mix

Promotion mix

Physical distribution mix

Correct Answer:

Product mix

Explanation:

The correct answer is Option (1) → Product mix.

The element of marketing mix in the statement "The taste, quality, and packing are given utmost care" is "Product mix." This statement emphasizes the focus on the attributes and features of the product itself, including its taste, quality, and packaging, which are essential components of the product mix.

* Product means goods or services or ‘anything of value’, which is offered to the market for sale. The concept of product relates to not only the physical product but also the benefits offered by it from customer’s view point (for example toothpaste is bought for whitening teeth, strengthening gums, etc.). The concept of product also include the extended product or what is offered to the customers by way of after sales services, handling complaints, availability of spare parts etc. These aspects are very important, particularly in the marketing of consumer durable products (like Automobiles, refrigerators, etc.). The important product decisions include deciding about the features, quality, packaging, labelling and branding of the products.