ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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List the available resources
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Determine the final deadline
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Set aside the needed funds
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Apply the marketing concept
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Detailed explanation-1: -Franklin is a marketer who selects what he thinks is the best strategy. What should he do next? c Set aside the needed funds. Once marketers select what they think is the best strategy, they set aside or obtain the needed funds.
Detailed explanation-2: -How is a marketing plan used by marketers to set up a business on a journey towards success? It helps marketers present the recommended marketing strategy to various stakeholders in the company and creates a common vision in the company to coordinate resources and efforts.
Detailed explanation-3: -Promotion is an attempt by marketers to inform, persuade, or remind consumers and B2B users to influence their opinion or elicit a response. Most firms use some form of promotion. Because company goals vary widely, so do promotional strategies.