tuition would be increasing 2.5% for next year, with no changes to fees or room and board. this describes which element of the university’s marketing mix?

Respuesta :

It is Constituent of:

Price Mix, which has to do with a rise in tuition, is the component of the marketing mix that is employed in the example situation.

Price mix is the concoction of several "price-related factors" that a producer chooses to choose in order to determine the cost of the good or service he provides.

The cost of producing the product, the elements that affect price decisions, the numerous pricing strategies, the pricing objectives, etc. are some of these variables.

Describe the Marketing Mix.

  • This is a reference to the strategies a business use to sell its goods or brand.
  • As a result, it is clear that price, which has to do with tuition increases, is the component of the marketing mix that is employed in the example situation.

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