I. Write True if the statement is correct. Otherwise 1write False and State your reason briey. 1. Marketing min refers to the presence of many competitors and suppliers in the market 2. Marketing min is a marketing tool designed to identifyr the target market 3. There is a substantial difference when the seven P3 are adopted instead of the four P's. 1. In manufacturing a product, the entrepreneur must remember that the product must not be costly. 5. When the business adopts the price skimming approach at the time a new product has been introduced: the price is usually low. E. Prestige pricing is intended for consumers who belong to the higher social status. T". 1-1 new product must be introduced 1n the market using advertising as the promotional tool. 3. Providing trade or cash discounts to consumers is a promotional tool used in public relations or publicity. '3. In direct marketing, the sales force goes to offices and homes to sell the product. 111The entrepreneur must focus mainly on the quality of the packaging materials used. Acdyr'ty 11. Do the following tasks: A. Discuss the concept of marketing mint. E. Enumerate and explain the different elements comprising the modied framework of marketing mist. C. Identify the most common tools used by a business venture to promote its product or service to the target consumers