Marketing control is measuring and evaluating the results of marketing strategies and plans and taking corrective action to ensure that the objectives are achieved.
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What is Marketing control?</h3>
- The organizational discipline of Marketing control focuses on the effective administration of a firm's marketing resources and operations as well as the practical application of marketing orientation, strategies, and procedures inside enterprises and organizations.
- To examine the industrial context in which the company operates, Marketing control uses methods from economics and competitive strategy. Marketing control includes value chain analysis, the examination of strategic groups of competitors, and Porter's five forces, among others.
- When creating detailed competitor profiles, marketers utilize SWOT analysis to concentrate on the relative competitive strengths and weaknesses of each rival in the market.
- Marketing control will look at each rival's cost structure, profit sources, assets, and capabilities as well as its competitive positioning, product differentiation, level of vertical integration, past responses to market changes, and other elements.
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Answer:
The manager of the grocery chain should put two types of products:
1) products that are staple in Valentine's Day, because they are very likely to be sold in large numers.
2) products that have low price elasticity, or that are relatively inelastic, because these products will be sold in important quantities even if theirprices are moderately increased, bringing more profit to the firm.
Answer:
The formula for food cost percentage (FCP) given selling price (SP) and food cost (FC) is FCP = FC/SP x 100.
Explanation:If you set your par for 5 jars of mayonnaise, and you only have 2 on the shelf, you know you need to order 3 more.
The employee can rationally discuss the decision and how they feel about it with the superior. Try to avoid conflict and try to use statements such as “ I think” or “ I believe” then back it up by facts. If you use those statements it leaves “wiggle room” so you’re not wrong. If you say that something is and it isn’t than they’re going to dismiss you as wrong.
There are different kinds of rules. Underapplied or overapplied overhead occurs because overhead is applied to jobs using a predetermined rate is a true statement.
<h3>What is Underapplied overhead?</h3>
This is known too be when the amount of a specific OH applied is said to be less than full amount of actual MOH for that specific period.
Overapplied overhead is known to be when the amount of OH applied is said to be more than full amount of actual MOH for that specific period.
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