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1. What is a marketing plan and how is it used? Which section of the marketing plan is most important? Why? The least important?
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- Which section of the marketing plan is most important? Why? Which is the least important?(c) Examine the importance of implementing, monitoring and controlling in the marketing process to maximise profits. Support your answer with a relevant example.1. What is a target market? Why is it important to know the target before creating the marketing mix?
- C. how can a company effectively identify and target the most profitable customer segments within a chosen market? What strategies can be used to maximize profitability within these segments?Purpose of the marketing plan? Why will they use it?What is the purpose of a market analysis? Describe the items of content that should be analysed
- \what would be the most important section of a marketing plan? Explain.The subject is:- PRINICIPLES OF MARKETING Experiential Marketing Exercise Assignment Step 1: Take a trip to a shopping centre, mall, or the main shopping district within your community. Choose a retail store in this location, Description such as a department store, DIY store, clothing shop, supermarket and so forth. The store you select must be one that has its products displayed on shelves and which would allow shoppers to enter and walk around the aisles to view the products close up. Alternatively, you can visit your favourite supermarket so long as it allows you to enter the store, walk around the aisle and pick up your own grocery. Step 2: Once you have identified the store, enter the store and select a product category within the store. Visit the product category and choose one product from this category and then answer the following questions in relation to that product that you have selected Your Tasks Guidelines Answer the following questions in relation to that product:…1. What are the new target audience? What will they need? 2. What a marketing strategy that addresses all the marketing mix elements? 3. How to propose what they do and why?