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Questions and Answers
What is the primary goal of a marketing strategy?
What is the primary goal of a marketing strategy?
- To increase sales and achieve a sustainable competitive advantage (correct)
- To maximize social media engagement
- To gather customer data for analysis
- To reduce production costs
What is the significance of a well-defined marketing strategy for a business?
What is the significance of a well-defined marketing strategy for a business?
- It solely focuses on product development
- It has no impact on customer perception
- It is primarily concerned with internal operations
- It helps in identifying and reaching the target market effectively (correct)
What is the definition of marketing strategy?
What is the definition of marketing strategy?
- The analysis of customer feedback
- The implementation of social media campaigns
- The process of setting advertising goals and objectives
- A plan of action designed to promote and sell a product or service (correct)
