BUSINESS ADMINISTRATION
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The team has more difficulty planning strategies
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The team can plan strategies more quickly
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The team can plan strategies with more precision
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The team can plan strategies up to 10 years in advance
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Detailed explanation-1: -Strategy of the organization is the goal and key of marketing plan. The company’s strategy establishes what kind of businesses the company will be in and its objectives for each. It shows the direction and guides the individual action plans at every step.
Detailed explanation-2: -With a well-designed marketing plan, you can design more effective promotions and impactful campaigns, reach your customers with targeted advertising, and track your business success with analytics. Without one, you might as well throw your marketing budget down a well and hope for the best.
Detailed explanation-3: -A marketing strategy is a long-term plan for achieving a company’s goals by understanding the needs of customers and creating a distinct and sustainable competitive advantage. It encompasses everything from determining who your customers are to deciding what channels you use to reach those customers.