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2.1_Laye_Mktg Plann
2.1
| Question | Answer |
|---|---|
| The acronym for strengths, weaknesses, opportunities, and threats | SWOT Analysis |
| Outside influences that may have an impact on an organization | Environmental Scan |
| Brief overview of the entire marketing plan | Executive Summary |
| Formal written document that directs a company's activities for a specific period of time | Marketing Plan |
| Internal and external factors that affect marketing strategies | Situation Analysis |
| Identifies target markets | Marketing Strategy |
| Projection of probable future sales in dollars | Sales Forecasts |
| An expectation for performance that reflects the plan's objectives | Performance Standard |
| The current state of the economy; part of the environmental scan | Economic |
| Centered around government involvement in business; part of the environmental scan | Political |
| Based on customers and potential customers, changes in their attitudes, lifestyles, and opinions; part of environmental scan | Socio-Cultural |
| Computer's; PEST | Technological |