ENTREPRENEURIAL PLANNING
MARKETING PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A tactic is a common marketing strategy used by an entire industry.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -A tactic is a common marketing strategy used by an entire industry. Product, price, promotion, and distribution are part of the marketing mix. Marketing intelligence means that a company is the leader in its industry.
Detailed explanation-2: -Step 3: Understand Your Audience. The third step of the marketing planning process is to understand your audience.
Detailed explanation-3: -True or false: The final step in developing a marketing strategy is to determine a cost-effective marketing mix for a company’s target markets that produce the most revenue. False. What is it called when a company focuses on a tactic first and then develops that tactic into a strategy? bottom-up marketing.
There is 1 question to complete.