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Question
bell work (5 minutes)
write down what each of the 4 ps in the marketing mix stands for (product, price, place, promotion) and give one quick example for each.
then, list the three main leadership styles (autocratic, democratic, laissez - faire) and write one sentence describing each.
For the 4 Ps in Marketing Mix: Product refers to the item or service offered, like a smartphone. Price is the amount customers pay, e.g., a $500 - priced tablet. Place is where the product is sold, such as a specific electronics store. Promotion is activities to boost sales, like a TV commercial for a new laptop.
For leadership styles: Autocratic is when a leader makes decisions alone without much input. Democratic involves group - input in decision - making. Laissez - Faire gives team members a lot of freedom to make their own decisions.
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Product: A smartphone.
Price: A $500 - priced tablet.
Place: A specific electronics store.
Promotion: A TV commercial for a new laptop.
Autocratic: A leader makes decisions alone without much input.
Democratic: Involves group - input in decision - making.
Laissez - Faire: Gives team members a lot of freedom to make their own decisions.