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Paper 1 · The Marketing Mix

Marketing contributes directly to an enterprise's survival because it

Alowers the interest charged on the firm's loans
Bsets the wage each production worker receives
Cgenerates the sales revenue the firm depends on
Dreduces the amount of tax the firm must pay
Explanation: Every other function of the business is paid for out of sales, and sales come from customers who know about the product, want it and can buy it. Marketing is what turns output into revenue, and an enterprise that cannot sell what it makes will not survive however well it produces.

Derived from ZIMSEC Business Enterprise Skills Paper 1, Nov 2018, Q3

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