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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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Safefen, a safety assurance and standards association in the country of Eilenst, made it mandatory for all the toy manufacturers
Talja [164]
<h3>This scenario best illustrates the effect of the industry regulation component of on organizations by Safefen. </h3>

Explanation:

The element of industry regulation consists of laws and guidelines regulating the business practices and procedures of individual companies, firms, and professions.

Government regulation of the industry is control of individual or firm actions by local, federal or state governments via price-setting processes or control of the quantity, quality, and safety of products and services produced.  

Displaying the recommended age limit for each toy on its cover is one of Safefen's safety measures of toy industry regulations.

4 0
3 years ago
The Reading Co. has adopted a policy of increasing the annual dividend on its common stock at a constant rate of 3 percent annua
kicyunya [14]

Answer:

$1.07

Explanation:

In this question ,we use the formula which is shown below:

A = P × (1 + r ÷ 100)^n

where,

P = Present value $0.90

A = Future value

rate =3%

number of years = 6

Now put these values to the above formula

So, the value would be equal to

= $0.90 × (1 + 3%)^6

= $0.90 × 1.03^6

= $0.90 + 1.194052

= $1.07

We considered all the items so that the correct dividend can come

7 0
3 years ago
To get an idea of whether you should continue to run a search network campaign on search partner sites, you can:
ziro4ka [17]
You can separate or group the campaign's data by network and evaluate its performance on search partner sites
5 0
3 years ago
National Bank quotes the following for the British pound and the New Zealand dollar: Quoted Bid Price Quoted Ask Price Value of
Snowcat [4.5K]

Answer:

$15.43

Explanation:

Following actions are required for triangular arbitrage:

Available: $ 10,000

Buy sterling pound @ 1 $ = 1.62 pounds and receive pounds 6172.84 upon conversion.

Now, sell these pounds and purchase NZ $ at the rate :

1 pound = NZ $ 2.95 and receive NZ$ 18209.87

Now, reconvert the above proceeds into US $ at the rate

1 NZ $ = $0.55 i.e sell NZ $ at this rate and receive US $ 10,015.4285

Hence profit from implementing triangular arbitrage is $10,015.43 - $10,000

= $15.43

Arbitrage refers to the prospect of earning a profit by utilizing the mispricing in two different financial markets. An arbitrageur never uses his own funds and always borrows.

Arbitrage works only in the scenario wherein the interest rate purchase parity (IRPT) does not hold good.

The strategy of arbitrage is best explained as "Buy at low price and sell at a high price".

 

7 0
3 years ago
By how many packs of cigarettes does quantity demanded decrease due to the excise tax on cigarettes?
andrezito [222]

Answer:

Explanation:

The government taxes packs of cigarettes both to discourage smoking and to raise tax revenue. The average excise tax on a pack of cigarettes is $2.50 per pack. The table below presents the annual demand and supply schedules, in billions of packs, both before and after the tax on packs of cigarettes.

3 0
3 years ago
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