ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Why is it important for businesses to include specific time frames when setting marketing goals and objectives?
A
Allows the business to identify the market
B
Guides the business in hiring more staff
C
Helps the business predict the future
D
Keeps the business focused on the goal
Explanation: 

Detailed explanation-1: -Establishing a timeframe for completing marketing goals creates a sense of urgency and helps the team plan what they can realistically accomplish. Each goal should have a start and end date so you can see how you are tracking against it and review your overall success at the end.

Detailed explanation-2: -Marketing objectives are measurable goals that outline what the end results of your marketing strategy should be. Their main purpose is to guide your marketing efforts toward set milestones. The most effective objectives should also align with your business plan and complement your overarching business goals.

Detailed explanation-3: -Marketing objectives are a set of clearly defined, measurable goals established as part of a marketing plan. Marketing objectives provide specific targets to be met within a time frame, such as “decrease customer acquisition cost by 10% by the end of next quarter.”

Detailed explanation-4: -A marketing goal is a broad target that you hope to achieve. A marketing objective is an actionable short-term step that you execute. You will need to design and implement several objectives to achieve your overarching marketing goal.

There is 1 question to complete.