MANAGEMENT

Detailed explanation-1: -The marketing plan details the strategy that a company will use to market its products to customers. The plan identifies the target market, the value proposition of the brand or the product, the campaigns to be initiated, and the metrics to be used to assess the effectiveness of marketing initiatives.

Detailed explanation-2: -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. To grow your business, it’s important to consider both a marketing plan and a marketing strategy.

Detailed explanation-3: -The marketing strategy portion of your business plan presents the approach you plan to take to provide products or services to your customers. It explains, at a high level, what you are going to do to get your customers to buy in the desired quantities.

Detailed explanation-4: -What are the 4Ps of marketing? (Marketing mix explained) The four Ps are product, price, place, and promotion. They are an example of a “marketing mix, ” or the combined tools and methodologies used by marketers to achieve their marketing objectives.

Detailed explanation-5: -Answer & Solution Marketing strategy is a functional strategy type of strategy.