BUSINESS ADMINISTRATION
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is an important benefit of marketing plans?
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They develop exciting products
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They help recruit quality employees
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They ensure a yearly profit
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They can help obtain funding
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Explanation:
Detailed explanation-1: -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-2: -Identifying and understanding your customers is an essential part of your marketing plan. Not everyone is your potential buyer, so it’s important to have a clear understanding of your target market early on. Identify your target market, competitors and potential customers.
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