Understanding Business Plans
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Questions and Answers

The marketing mix includes the controllable tactical marketing tools of ______, price, place, and promotion.

product

The marketing plan process involves ______ marketing opportunities, selecting target markets, developing the marketing mix, and managing the marketing effort.

analyzing

A marketing plan is a plan of the overall company ______ for selecting a particular target market and then satisfying consumers in that segment.

road

Marketing research involves the systematic design, collection, analysis, and reporting of data and findings relevant to a specific ______ situation facing an organization.

<p>marketing</p> Signup and view all the answers

A social media plan should start with the company ______ and then post information on a regular basis.

<p>website</p> Signup and view all the answers

The marketing strategy is the marketing logic by which the business unit is supposed to achieve its ______ objectives.

<p>marketing</p> Signup and view all the answers

The ______ implementation is the process that turns marketing strategies and plans into marketing actions.

<p>marketing</p> Signup and view all the answers

The executive summary is one of the sections of the ______ plan.

<p>marketing</p> Signup and view all the answers

Marketing researchers engage in activities ranging from studies of ______ potential and market share to assessments of customer satisfaction.

<p>marketing</p> Signup and view all the answers

The marketing plan focuses on marketing activities for ______ year or more.

<p>one</p> Signup and view all the answers

The business plan is a road map for the entire organization over ______.

<p>time</p> Signup and view all the answers

Defining the business situation involves reviewing where the company has been and considering factors defined in the environmental and industrial ______.

<p>analyses</p> Signup and view all the answers

Market segmentation divides the market into ______ groups.

<p>homogeneous</p> Signup and view all the answers

To segment and target customers, you must decide what general ______ or industry you wish to pursue.

<p>market</p> Signup and view all the answers

Step 5 of the social media plan involves assessing and analyzing the ______ of the plan.

<p>effectiveness</p> Signup and view all the answers

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