BUSINESS ADMINISTRATION
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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They require a lot of time and effort to write
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They are important only for new businesses
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They are internal documents written for management
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They work best for big companies
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Detailed explanation-1: -The marketing plan details the strategy that a company will use to market its products to customers. The plan identifies the target market, the value proposition of the brand or the product, the campaigns to be initiated, and the metrics to be used to assess the effectiveness of marketing initiatives.
Detailed explanation-2: -Writing a marketing plan can help you define your marketing strategy and identify the best activities and channels to market your products or services.
Detailed explanation-3: -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-4: -A marketing plan is developed for a specific time period, usually six months to one year.