ENTREPRENEURIAL PLANNING
MARKETING PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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One of the reasons often given for marketing planning is:
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It guarantees future sales success
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It reduces the risk of making bad major strategic marketing decisions
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It is a legal requirement for public limited companies
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It is quick and easy to do so all businesses can afford to do it
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Explanation:
Detailed explanation-1: -Market risk may arise due to changes to interest rates, exchange rates, geopolitical events, or recessions.
Detailed explanation-2: -Planning your marketing and business. Another way to ensure that you are managing risk in your business is by building a business and marketing plan, which are intimately related. Set a realistic budget. Customer service. Diversification. Use The Data. 26-Jan-2023
There is 1 question to complete.