ENTREPRENEURSHIP

Detailed explanation-1: -A marketing strategy specifies the way marketing activities are planned and coordinated to achieve an organization’s goals. Products that consumers believe are similar but have significant price differences are price based goods.

Detailed explanation-2: -A marketing plan is a strategic document that specifies your organization’s target markets, marketing objectives, programs, and activities to achieve them, expected timescales, resources to be utilized, according to defined budgets, and how success will be measured.

Detailed explanation-3: -A Strategic Marketing Plan helps business owners determine who they want as customers (i.e., niche markets) and then plan how best to make this happen using selective intent in order to maximize returns on investment while shortening sales cycles through ROI analysis; all done strategically.

Detailed explanation-4: -A marketing strategy refers to a business’s overall game plan for reaching prospective consumers and turning them into customers of their products or services. A marketing strategy contains the company’s value proposition, key brand messaging, data on target customer demographics, and other high-level elements.