ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
GLOBALIZATION AND ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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To replace a business plan
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To hire a new company president
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To enter a new target market
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To announce a merger
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Detailed explanation-1: -The marketing plan will help determine who the target market is, how best to reach them, at what price point the product or service should be sold, and how the company will measure its efforts.
Detailed explanation-2: -Writing a marketing plan can help you define your marketing strategy and identify the best activities and channels to market your products or services.
Detailed explanation-3: -The key objectives of marketing plans are to identify a company’s target audience, share departmental goals and establish a reasonable budget. Effective marketing plans can help you implement strategies that reach a wide target audience while also aligning with your employer’s sales goals.
Detailed explanation-4: -Every marketing plan must include a section on desired target market. False; when a marketing plan is not designed to enter a new target market or introduce a new product, it may not include a section on desired target market.
Detailed explanation-5: -It can help you create measurable business goals. A Plan provides consistency. It pushes you to stick with your budget. It helps you provide better service to your customers. It gives your company the reality check it needs. More items