10-11 Flashcards
(48 cards)
is a company’s plan to sell or advertise a product or service.
marketing strategy
It’s a long-term plan that guides a company’s marketing efforts, resources, and tactics.
Marketing strategy
an overview of how a business or organization will articulate its value proposition to its customers.
Marketing strategy
outlines business goals, target market, buyer personas, competitors, and value for customers.
Marketing strategy
explains the organization’s current purpose and how it will achieve its goals, it describes the organization’s current purpose, including its business, objectives, and how it will achieve them.
Mission statement
often mutable and can change as the organization’s circumstances change.
Mission statements
defines the organization’s business, its objectives, and how it will reach these objectives
mIssion statement
describes the organization’s future goals, it describes the organization’s future goals and aspirations.
Vision statement
often more future-oriented
Vision statement
details where the organization aspires to go.
Vision statement
Each of your marketing objectives should include a description of what you intend to accomplish, including concrete, numerical goals with an associated marketing timeline.
Marketing objectives
are important for the success of a business because they provide purpose and meaning.
Mission and vision statements
They can be used to guide strategy development, communicate the organization’s purpose to stakeholders, and set goals.
Mission and vision statement
To set these goals, review your past sales numbers, your recent business growth in different markets, the size of typical new customers, and how new product introductions have fared. Then use those numbers as a guide for the future. (T or F)
TRUEE
In marketing objectives you must not restrict the number of marketing objectives you set per year.
FALSE LALU BAT KASI HINDI PIPIGILAN
Correct: restrict
Wrong: must not restrict
In marketing objectives you keep them challenging but achievable. (True o False)
True
In marketing objective you set modest goals to start so you avoid discouraging your people or yourself. (T OR F)
TRUE
You want to set an unrealistically high bar.
FALSE; DONT WANT
are specific, measurable, achievable, relevant, and time-bound goals that help you achieve your marketing goals.
SMART marketing objectives
Make your goal clear and easy to understand. For example, you can set a goal to sell 100 products, get 200 new subscribers, or generate 20 qualified leads.
SPECIFIC
Identify metrics that you can use to track your progress. For example, you can track the number of website visitors that come from your marketing campaigns.
MEASURABLE
Make sure your goal is realistic and achievable within your company’s constraints. Setting an unattainable goal can lead to wasted time and poor morale.
ACHIEVABLE
Set a deadline for your goal. This will help you stay on track and ensure your team feels a sense of urgency.
TIME-BOUND
Consider how your objective will help you achieve a larger goal.
RELEVANT