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QuestionAnswer
Which of the following should be included in a marketing plan's executive summary The organizations mission statement
Which of the following is often included in marketing plan's situation analysis A SWOT analysis chart
What section of the marketing plan includes information about expected results? Performance and implementation
Which of the following items might be included in a marketing plan's appendix A product photograph
A marketing plan should outline the specific activities that the business will use to achieve its marketing objectives
Which of the following is an important benefit of marketing plans They can help obtain funding
Where in a marketing plan would a business discuss how it plans to communicate with its customers Marketing strategies and programs
Which of the following is a question that a business should answer about its target market while conducting a situational analysis What are our customers buying?
Which of the following situations presents a business threat to a company A competitor obtains a bank loan for expansion
Which of the following is an external threat that a company might identify while conducting a situation analysis Rising inflation rate
A business identifies a market that shares common characteristics on the basis of where people live and work, which is an example of market identification by _______ segmentation geographic
Businesses that segment the market based on psychographics are grouping people according to their lifestyles
Identifying market segments helps a business to develop appropriate marketing strategies
When a business selects a target market, the most useful or desirable market segments to the business are those that are measurable and accessible
Selecting a target market based on very specific criteria that limit the audience to a well-defined segment is an example of niche marketing
When the Green Company selected its target market, it decided to ignore the segment differences and generate appeal with one offer. The company is using ______ marketing mass
Which of the following is a factor that businesses often consider when conducting a market analysis? Size of the market next year
One of the purposes of conducting a market analysis is to develop a Customer Profile
When a business conducts a market analysis and identifies territories, determines the possible buyers in the territories, and estimates the buyers' purchases, it is evaluating the areas market potential
What is a potential threat a manager might identify in a SWOT analysis? Growing government regulation
Which of the following questions is it important to ask to determine the business's strenghts when conducting a SWOT analysis Where are we making money?
Which of the following is a question that a business might ask when it wants to evaluate its weaknesses What resources do we lack? missed?
One reason why it is often important for businesses to conduct a competitive analysis is to identify external threats
Which of the following is an activity that a business performs when conducting a competitive analysis Monitores rivals' marketing strategies
One way that a business can learn about its competitors' activities is by reviewing secondary data
A business that fials to protect its employees for unnecessary risk or health hazads on the job may be sued for negligence
Which of the following types of laws protects a business's inventions or written works from the unauthorized use by others intellectual property
The primary reason that governments regulate business activities is to protect the well-being of individuals and businesses
A major advantage of a sole proprietorship is Ease of start-up
The form of business ownership that can raise money easily is the Corporation
A disadvantage of a general partnership is that each partner is liable for the business's losses
Created by: 113375
 

 



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