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Question

A sound marketing plan contains
a. an analysis of macro-environment
b. a SWOT analysis
c. a brief statement of mission
d. an analysis of advertising

The correct answer is
b, c and d are correct.

Marketing Plan Components Analysis

A sound marketing plan requires specific elements to guide strategy and execution. Analyzing the given options:

  • b. SWOT Analysis: This is crucial as it identifies Strengths, Weaknesses, Opportunities, and Threats, forming the foundation for strategic decisions.
  • c. Mission Statement: A clear mission statement provides purpose and direction, ensuring marketing activities align with the overall organizational goals.
  • d. Advertising Analysis: Evaluating past and current advertising efforts is vital for optimizing promotional strategies and resource allocation.

While an analysis of the macro-environment (a) is important for strategic context, it is often integrated within the SWOT analysis (Opportunities and Threats). The SWOT analysis, mission statement, and specific analyses like advertising are generally considered core components directly within the marketing plan itself.

Therefore, the combination of SWOT analysis, mission statement, and advertising analysis represents the essential elements listed.

Conclusion: Options b, c, and d are the correct components of a sound marketing plan as per the question's context.

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Important Questions from Marketing Management

  1. Match List I with List II regarding distribution polices & strategies.
    List-1List-II
    (a) Selective distribution→ (i) Convenience items
    (b) Intensive distribution→ (ii) Consignment, Franchise, symbiotic
    (c) Exclusive distribution→ (iii) Specialty / high unit value items
    (d) Special distribution→ (iv) Shopping items
  2. Selling and buying activity of fashion goods is called:
  3. Knock - offs are :
    A. Original design of a brand
    B. Copy or near-by copy of a design
    C. High cost version of a design
    D. Labour saving production
    E. Low cost version of an original design
    Choose the correct answer from the options given below :
  4. Which of the following is not a Dart equivalent?
  5. Which of the following parts of machine needle fit into the needle bar?
    (a) Shank
    (b) Blade
    (c) Butt
    (d) Scarf
    Choose the correct answer from the options given below:
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