ENTREPRENEURSHIP

Detailed explanation-1: -The marketing portion of a business plan addresses four main topics: product, price, promotion, and place. A business plan is a blueprint for taking an idea for a product or service and turning it into a commercially viable reality.

Detailed explanation-2: -Some of the most common components of a business plan are an executive summary, a company description, a marketing analysis, a competitive analysis, an organization description, a summary of growth strategies, a financial plan, and an appendix.

Detailed explanation-3: -A marketing plan is one component of a business plan. Marketing plans contain information about a company’s products and/or services and discuss how potential customers will be identified and how the company’s products and/or services will be marketed to them.