GENERAL KNOWLEDGE

GK

MARKETING MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is a true statement about marketing plans?
A
They require a lot of time and effort to write
B
They are important only for new businesses
C
They are internal documents written for management
D
They work best for big companies
Explanation: 

Detailed explanation-1: -It includes SMART marketing goals, deadlines, action steps, long-term objectives, target audiences, core marketing messages, and metrics. The plan is detailed, yet scannable. By the end of it, one can walk away with a strong understanding of the organization’s strategic direction for their upcoming marketing efforts.

Detailed explanation-2: -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-3: -A marketing plan is developed for a specific time period, usually six months to one year.

Detailed explanation-4: -A marketing plan is part of a business plan, which describes all of the important aspects of a business, such as its goals, values, mission statement, budget, and strategies.

There is 1 question to complete.