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Asked 3/28/2013 9:17:38 PM
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Why is planning important in marketing?
Weegy: Planning is important in marketing because it clarifies the key marketing elements of a business and maps out directions, objectives and activities for the business and its employees. [ ] (More)
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Asked 3/21/2013 5:26:29 AM
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What are the essential components of a marketing plan?
Weegy: Marketing plans are business documents that communicate your strategies for marketing your product or service. [ According to the United States Small Business Administration, the essential components of a marketing plan are an executive summary that describes the contents and objectives of your plan; a current situation section; a competitive analysis; a marketing strategies section; and a financial analysis. According to Entrepreneur Magazine, your plan should cover one year's worth of time. ] User: How would you convince your supervisor that the marketing department should produce formal marketing plans? Weegy: Marketing is not just a one-way nor a short-time process. Marketing plays a big role in your company's development. [ With these things in mind, you need to have a comprehensive marketing plan in order to "not waste any time, effort and budget" on the execution process. Convincing the marketing department is not that hard at all when you have facts to prove that you need to have a good marketing foundation by producing credible marketing plan. You need to get the company's financial status: expenses, budget, income, investment, etc. and be able to have a brief discussion on how you could double your investment and save costs by keenly creating a "standard" plan in marketing. ] (More)
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Asked 3/21/2013 5:35:14 AM
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How would you convince your supervisor that the marketing department should produce formal marketing plans?
Weegy: Well I do not think that it would be too hard to convince a supervisor that the marketing department should produce formal marketing plans, if in fact you were to take fact based information or spreadsheet’s with you. [ Such as the company’s financial status, company expense’s, budgets, the company’s current income level, the investments and whatever else you think that might help to back up your reasoning. One you have all this documentation in hand, be sure to express in your discussion with this person how the you think the company could raise their investments by doing so, and also how the company could save costs by creating what we all know as a formal plan in marketing. ] (More)
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Asked 3/21/2013 5:41:17 AM
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why is marketing a promotin tool?
Weegy: Marketing promotion tools are strategic models to analyze marketing decisions. en.wikipedia.org/wiki/Marketing_strategy (More)
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Asked 3/21/2013 6:50:20 PM
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when the economy is doing well how does it reflect on businesses?
Weegy: There are a large number of variables or characteristics used to gauge the health of an economy, with four of them usually referred to as the key macroeconomic variables: aggregate output or income, the unemployment rate, the inflation rate, [ and the interest rate. There are, however, numerous additional measures or variables that are collected and used to understand the behavior of an economy. In the United States, for example, additional measures include: the index of leading economic indicators (which gives an idea where the economy is headed in the near future); retail sales (which indicate the strength of consumer demand in the economy); factory orders, especially for big ticket items (which indicate the future growth in output, since the orders will have to be filled); housing starts (robust increase in housing starts are usually taken as a sign of good growth in the future); the consumer confidence index (which indicates how likely consumers are to make favorable decisions to buy both durable and nondurable goods, services, and homes). Other variables tracked are more innocuous than the ones included in the preceding list, such as: aluminum production, steel production, paper and paperboard production, industrial production, hourly earnings, weekly earnings, factory shipments, orders for durable goods, new factory orders, new-home sales, existing-home sales, business inventories, initial jobless claims, help-wanted advertising, purchasing manager's survey, and the foreign trade deficit. OUTPUT/INCOME. An economy's overall economic activity is summarized by a measure of aggregate output. Since the production or output of goods and services generates income, any aggregate output measure is closely associated with an aggregate income measure. The United States uses an aggregate output concept known as the gross domestic product (GDP). The GDP is a measure of all currently produced goods and services valued at market prices. One should notice several ... (More)
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Asked 3/21/2013 7:00:33 PM
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