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koban [17]
4 years ago
14

What is the final step of developing an effective marketing planning process (MPP)? clarify the goals and objectives of the plan

develop a sales and service plan establish a vision, position, and purpose for the plan control and evaluate the plan
Business
1 answer:
faltersainse [42]4 years ago
8 0

The final step of developing an effective marketing planning process or MPP is to control and evaluate the plan.

<u>Explanation:  </u>

Effective marketing planning is the methodology wherein series of guidelines are chalked out to promote , publicize and market the product of the organisation. The success of any product demands an effective marketing strategy to showcase the product to the consumers by putting forth its various features and advantages .

Planning is the most crucial process and part of implementing and developing new product by following proper and effective strategies and methodologies. In order to sell one's product and enhance the revenue its very important that proper planning is undertaken in advance to promote it. In other words, marketing planning is nothing but comprehensive and systematic method to achieve the marketing goals and objectives.

It is really important to understand that just by planning the marketing process, marketing objectives cannot be achieved - it has to be properly implemented and monitored to achieve the final result. That is why review, control and evaluation stands out to be  the most crucial and the final step of developing  effective marketing planning process. If there are any gaps or differences between what was planned and what exactly is getting implemented , that can be brought to light through proper control and evaluation. Evaluation helps in reviewing the blue print of the planning part and any mismatch or deviation gets then and there identified. once the difference gets ascertained proper corrective measures are taken to set it right.

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Suppose movie producers could buy "box office insurance" that guaranteed them a specified gross revenue for a particular film. S
yKpoI14uk [10]

Answer and explanation:

Out of the vast number of movies produced only a few of them become blockbusters. Thus, insurance companies see reduce their chances of insuring such movies. If they would not take this into account and provide a policy to regular and bad performing selling films, <em>insurance companies would be paying huge amounts of money to their producers which is not convenient for them.</em>

3 0
4 years ago
Refer to Exhibit 23-9. Assume that demand increases from D1 to D2; in the new long run equilibrium, price settles at a level bet
Morgarella [4.7K]

This Question is not complete.

Complete Question:

Refer to Exhibit 23-9. Assume that demand increases from D1 to D2; in the new long run equilibrium, price settles at a level between P1 and P2 This means that the industry in question is a(n) __________-cost industry.

a. Decreasing

b. Increasing

c. Constant

d. Marginal

e. Low

Answer:

b. Increasing

Explanation:

An increasing cost industry is an industry where the cost of producing goods increases, due to the emergence of new industries.

As the entrance of new industries continue to increases, raw materials and supplies become very scarce, this causes the competition between the companies to increase.

An Increasing cost industry is an examples of a perfectively competitive industry. One of the major factors that can cause the emergence on an increasing cost industry is the increase in the demand of goods which results in the increase in production cost.

Examples of Increasing cost industries are industries that produce:

a. Gold

b. Copper

c. Silver

The supply of raw materials required for production by an increasing cost company is going to be available in small quantities and also very scarce therefore we can say the supply of raw materials is finite or limited.

8 0
3 years ago
Bob and Cindy are the same age. At age 25 Cindy began saving $2,000 a year while Bob saved nothing. At age 50, Bob realized that
antiseptic1488 [7]

Answer:

Both will save the equal amount of money at the age of 75 years

Explanation:

Given:

Amount saved by Cindy per year = $2,000

Amount saved by Bob each year = $4,000

Now,

Cindy started saving at the age of 25 and till the age of 75

thus,

The total number of years for which Cindy saved = 75 - 25 = 50 years

Therefore,

The total amount saved by the Cindy

= Amount saved each year × Total number of years

= $2,000 × 50

= $100,000

and,

Bob  started saving at the age of 50 and till the age of 75

thus,

The total number of years for which Bob saved = 75 - 50 = 25 years

Therefore,

The total amount saved by the Bob

= Amount saved each year × Total number of years

= $4,000 × 25

= $100,000

Hence, Both will save the equal amount of money at the age of 75 years

3 0
3 years ago
A company has an operating lease for its office space. The lease term is 120 months and requires monthly rent of $15,000. As an
zhannawk [14.2K]

Answer:

d) $16,072

Explanation:

Rent for the first eight months being 8 x 15000 = 120000 shall be shared to the remaining 112 months.

Hence $1072(120000/112) shall be added to each remaining month. Therefore a monthly rent of $16, 072(15000+1072) shall be recognized.

4 0
4 years ago
Calculate the average and marginal tax rates in the following table. (Hint: Enter your answers as decimals and do not round when
Zigmanuir [339]

Answer:

1. a. Average Tax rate =  130/2,000 = 6.5%

Marginal Tax Rate = (130 - 0)/ (2,000 - 0) = 6.5%

b. Average Tax rate =  650/10,000 = 6.5%

Marginal Tax Rate = \frac{650-130}{10,000-2,000} = 6.5%

c.  Average Tax rate =  1,300/20,000 = 6.5%

Marginal Tax Rate = \frac{1,300-650}{20,000-10,000} = 6.5%

d.  Average Tax rate =  6,500/100,000 = 6.5%

Marginal Tax Rate = \frac{6,500-1,300}{100,000-20,000} = 6.5%

2. The tax rates shown in this table are: <u>Proportional</u>

Proportional Taxes take the same percentage of income across all income groups.

3. A. True

4. Sean and Bob would both vote yes as the Marginal Benefit of the project exceeds their marginal cost but project will not be funded in the end as the Total Marginal Cost exceeds Total Marginal benefit. Sean and Bob may want to pay but Yvette will not.

5. If this same project were taking place in the private sector, a firm <u>would not</u> fund the project.

6. In private markets, decisions to provide goods or services to the market are generally made if marginal benefits <u>exceed</u> marginal costs

7. As a result, governments may approve projects whose costs <u>exceed</u> their benefits.

3 0
3 years ago
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