BUSINESS ADMINISTRATION
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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repeating past mistakes
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writing new marketing plans
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explaining problems to management
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losing market share
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Detailed explanation-1: -The purpose of a marketing plan is to define strategies to engage audiences in order to achieve business objectives. The goal of a marketing plan is to ensure marketing activities are structured, relevant, and timely to achieve an organization’s objectives.
Detailed explanation-2: -Marketing plans help identify and reach your target market The next reason developing a marketing plan is so important is that it helps you to identify and reach your target market, so you can understand how to best meet their needs.
Detailed explanation-3: -A marketing plan is the advertising strategy that a business will implement to sell its product or service. The marketing plan will help determine who the target market is, how best to reach them, at what price point the product or service should be sold, and how the company will measure its efforts.