GK
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The team has more difficulty planning strategies
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The team can plan strategies more quickly
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The team can plan strategies with more precision
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The team can plan strategies up to 10 years in advance
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Detailed explanation-1: -A marketing plan forces the marketing team to put its goals in writing, making those goals. less specific. easier to remember.
Detailed explanation-2: -An overall strategic plan might outline broad objectives for marketing; the marketing plan would detail more specific objectives for the marketing department to monitor and report on.
Detailed explanation-3: -A well-defined marketing strategy leads to an increase in the business sales and marketing. This directly impacts the revenue generated as the more you reach out to people, the more they reach out to your business or brand. Of course, the marketing of a business is directly related to the sales it generates.
Detailed explanation-4: -Both a marketing plan and a marketing strategy are important parts of an organization’s success. Your marketing strategy comprises what you’ve identified your company needs to achieve its goals, while a marketing plan includes the steps you’ll take to realize your marketing goals and support the established strategy.