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Marketing planning process

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Question
Answer
show A comprehensive document or blueprint, informed by analysis of the organization, customer, and market environment, that outlines marketing efforts (including objectives, strategies, and tactics) for an identified period  
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show Explanation of why the marketing plan exists and what problem it hopes to solve  
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situational analysis   show
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SWOT analysis   show
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show Combinations of skills, processes, human abilities, and competencies that are unique to an organization  
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SMART   show
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show Specific group of customers toward which a firm directs its marketing efforts  
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Boston Consulting Group (BCG) Matrix   show
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Porters five forces model   show
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External factors   show
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Dog   show
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Cash cow   show
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show A question mark is a product or business that has low market share currently, but is in a growing industry.  
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Star   show
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show From the view of the current companies in the market, profitable markets that yield high returns will attract new companies.  
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Threat of substitute products or services   show
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Rivalry   show
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show The bargaining power of customers is the ability of customers to put a company under pressure, which also affects the customer's sensitivity to price changes  
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Bargaining power of suppliers   show
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show Plans of action or game plans designed to meet certain objectives  
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Tactics   show
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show Factors controlled by the organization (such as financial resources, product lines, or technical capabilities), which can be either strengths or weaknesses  
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Created by: mkale
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