When discussing the marketing planning process, stp stands for?

1 answer:

3 0

When discussing the marketing planning process, STP stands for segmentation, targeting and positioning that firms use to identify and evaluate opportunities for increasing sales and profits. In addition,

• Market segmentation includes aggregating prospective buyers into groups or segments that have mutual needs and will respond similarly to a marketing action.

• Targeting is the procedure of assessment the appeal of various segments and then determining which to pursue as a market.

• Market positioning includes the process of importing the marketing mix variables so that the target customers have a clear, characteristic, desirable sympathetic of what product does or signifies in a contrast with opposing products.

You might be interested in

Why should we be careful about what we post on social media and the internet?

andrew11 [14]

One should be careful about posting on social media platforms because this post enables viewers to frame a mindset about an individual and their personality.

<h3>What is a social media platform?</h3>

Social media platform refers to a stage where people communicate with each other and share their opinions and knowledge on different content.

One should be careful while posting on social media because the content posted on these platforms will lead to the evaluation of the personality and mindset of an individual by the audience. These evaluations can be both negative and positive.

These platforms play a key role in a career when an employer checks the background history of a candidate. Any posts that create a negative impact will lead to spoil the impression before the hiring manager.

Therefore, it is important to be careful while posting stuff on social media.

Learn more about social media, here:

brainly.com/question/18958181

#SPJ1

4 0

2 years ago

Suppose the economy is in long-run equilibrium. if there is a sharp increase in the minimum wage as well as an increase in taxes

erastova [34]

If there is a sharp increase in the minimum wage as well as an increase in taxes, then in the short run, real gdp will fall & price level might rise, fall, or stay the same and in the long run, the price level might rise, fall, or stay the same but real GDP will be lower.

<h3>What is a minimum wage?</h3>

This refers to the lowest remuneration that an employers can legally pay their employee as the the price floor below which employees may not sell their labor.

The effect of this on economy is noted as a sharp increase in the minimum wage as well as an increase in taxes, then in the short run, real gdp will fall & price level might rise, fall, or stay the same and in the long run, the price level might rise, fall, or stay the same but real GDP will be lower.

Read more about minimum wage

brainly.com/question/26699459

#SPJ1

8 0

2 years ago

A contractor used dynamite to loosen a rocky hillside. The blast from the dynamite caused a house foundation to crack. The house

Zielflug [23.3K]

Answer and explanation:

<em>The house owner is correct</em> because <em>strict liability</em> applies in the case. Strict liability refers to the responsibility an individual or organization has over actions incurred even if there was no intention of causing property or personal injuries. Strict liability only considers if the action was the result of the damage.

7 0

3 years ago

Which of the following is the LEAST likely explanation for a firm's high ROE? A. The firm is growing. B. The firm is able to fin

Pani-rosa [81]

Answer:

A. The firm is growing.

Explanation:

6 0

3 years ago

Suusssssysysysyysysysys boi amugus

Thepotemich [5.8K]

Answer:

ur mom

im a free man in a free town in a country and a free world

8 0

3 years ago