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Veronika [31]
3 years ago
13

What is the purpose of analyzing market activities and creating an income funnel?

Business
1 answer:
Tpy6a [65]3 years ago
6 0

Answer: To determine if a marketing plan is effective

Explanation:

Analysis of the market is necessary in understanding the market, competitors and the consumers better.

Creating a market analysis helps the manufacturer understand the target audience and market conditions which are vital in the creation of a successful good or service. It also helps in determining if there's effectiveness regarding the marketing plan used.

Analyzing market activities and creating an income funnel also helps to distinguish a company from other competitors and therefore makes one stand out when compared to others.

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