MANAGEMENT

Detailed explanation-1: -A marketing plan is the advertising strategy that a business will implement to sell its product or service. 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-2: -Having a marketing plan can help you to: identify your target market and how your product or service can benefit it. identify how you might attract new customers. encourage your existing customers to continue purchasing your product or service.

Detailed explanation-3: -Every business needs a marketing plan. It doesn’t matter if you are a one-man service provider or a major corporation with 1, 000 employees across multiple states. Marketing is what drives sales; without sales, you don’t make the money required to stay in business long-term.

Detailed explanation-4: -A marketing plan is a strategic roadmap that businesses use to organize, execute, and track their marketing strategy over a given period. Marketing plans can include different marketing strategies for various marketing teams across the company, all working toward the same business goals.