Strategic planning is the process of:
A) identifying and analysing a target market and developing a marketing mix to satisfy individuals in that market.
B) establishing an organisational mission and formulating goals, corporate strategy, marketing objectives, marketing strategy and a marketing plan.
C) establishing an organisational mission and formulating goals, corporate strategy, corporate objectives and a corporate plan.
D) determining the means for utilising resources in the functional areas of marketing, production, finance, research and development, and human resources to reach an organisation's goals.
E) assessing marketing opportunities and resources, determining marketing objectives, defining marketing strategies and establishing guidelines for implementation and control of the marketing program.
Correct Answer:
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Q1: Realising Australian consumers began to perceive the
Q3: When the right combination of circumstances occurs
Q4: The marketing plan is:
A)a plan of all
Q4: Compare and contrast corporate strategy and marketing
Q5: _ are internal factors that can influence
Q8: According the Boston Consulting Group's matrix, General
Q9: A strategic window is:
A)the right combination of
Q10: In what ways does having a mission
Q12: How does a firm use a market
Q19: Describe the process of strategic planning. How
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