ANSWER NUMBERS 2-5 WITH 2-3 SENTENCE FOR EACH NUMBER WITH OWN ANSWER/OPINION 1. Why is it important to include the marketing plan in the creating a business plan.2. Which among the marketing mix is the most important part of the business plan?3. What is the reason why flash sales stimulate purchase?4. Why is there a need to formulate a promotional mix?5. If your product is new to the market, what is the best pricing strategy to use?

2. Product is the main component of marketing mix in a business plan because the whole business and…

Answered: ANSWER NUMBERS 2-5 WITH 2-3 SENTENCE…

Business

Marketing

ANSWER NUMBERS 2-5 WITH 2-3 SENTENCE FOR EACH NUMBER WITH OWN ANSWER/OPINION

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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Concept explainers

Communication Challenges

Communication can simply be defined as a mutual exchange of information with specific intent. It is an omnipotent fact of life and the basis for every activity carried out in society. However, communication carried out in the course of business activity can be termed business communication. Communication is the most essential part of business and involves a constant flow of information. Effective communication in a business environment is crucial to the survival and success of an enterprise. Lack of effective and efficient communication can prove to be fatal to a business.

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ANSWER NUMBERS 2-5 WITH 2-3 SENTENCE FOR EACH NUMBER WITH OWN ANSWER/OPINION

1. Why is it important to include the marketing plan in the creating a business plan.
2. Which among the marketing mix is the most important part of the business plan?
3. What is the reason why flash sales stimulate purchase?
4. Why is there a need to formulate a promotional mix?
5. If your product is new to the market, what is the best pricing strategy to use?

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