GK
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Marketing plans help marketers understand past decisions and outcomes better so that they can avoid ____
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repeating past mistakes
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writing new marketing plans
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explaining problems to management
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losing market share
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Explanation:
Detailed explanation-1: -Marketing plans help identify and reach your target market The next reason developing a marketing plan is so important is that it helps you to identify and reach your target market, so you can understand how to best meet their needs.
Detailed explanation-2: -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-3: -Identifies your Target Market. Identifies your Competitors. Defines your Unique Selling Position. Supports ROI on Marketing Spend. Sets out Strategy to Target Ideal Customers. 29-Oct-2020
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