Question:

'How do we get there' question in marketing plan doesn't discuss:

Updated On: Sep 16, 2024

The specific marketing strategy that will be implemented
When it will occur?
Who will be responsible for the monitoring of activities ?
What need it satisfies?

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The Correct Option is D

Solution and Explanation

The correct option is (D) : What need it satisfies?

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Top Questions on Marketing: Concept and approaches

Case Study (41-45):
Vibha had created a unique all weather jackets which had solar panels embedded in it. The USP of the jacket was that, harnessing the solar energy it could keep the jacket warm like a heater and cold like an air conditioner depending on the weather. Her market was the youth who came out of the comfort of their homes to stay in hostels. The name of her product was 'TURN COAT' which was beautifully written in comic sans font outside her showroom in FLD Mall. The name had a rising sun next to it making it an attractive composition to look at. Vibha was reading a lot of literature on the promotion strategies that she could use. She had already fixed a public appearance by the superstar Ralia Kapoor at her showroom in 15 days. She opened up Instagram and Twitter accounts in the name of 'TURN COAT'. She got the name of the product and the symbol of the rising sun printed on the parking ticket, that were collected by customers coming to the mall. While deciding on the pricing she was suggested by her mentor to keep the price very high to recover her R & D costs spent on developing the product. She was a little hesitant to do so and decided to price TURN COAT by covering the cost of producing it plus with reasonable profits
- CUET (UG) - 2023
- Entrepreneurship
- Marketing: Concept and approaches
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Match List I with List II

List-I		List-II
(A)	Product	(I)	Method to spread the word about the product or service
(B)	Price	(II)	Item actually being sold
(C)	Place	(III)	Value put on a product
(D)	Promotion	(IV)	Path along which goods move from producers to consumers

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CUET (UG) - 2023
Entrepreneurship
Marketing: Concept and approaches

Shreya has prepared her business plan and is stuck at the marketing plan for her enterprise. Suggest correct steps to her for marketing plan.
A. Business Situation Analysis
B. Define marketing Strategy
C. Conduct SWOT Analysis
D. Identify the target Market
E. Establish goals
Choose the correct answer from the options given below:
- CUET (UG) - 2023
- Entrepreneurship
- Marketing: Concept and approaches
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