Assertion: A company's marketing mix consists of the four Ps: product, price, place, and promotion.
Reasoning: These four elements are essential for developing an effective marketing strategy.

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Both assertion and reasoning are true, but the reasoning is not the correct explanation of the assertion.

Both assertion and reasoning are false.

Both assertion and reasoning are true, and the reasoning is the correct explanation of the assertion.

The assertion is true, but the reasoning is false.

answer is A.

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Detailed Solution

The four Ps of the marketing mix is product, price, place, and promotion. They are essential for developing an effective marketing strategy. The reasoning correctly explains the assertion.

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