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Which of the following does not form the basis of a performance indicator for a marketing plan
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Complete Question:
Which of the following does not form the basis of a performance indicator for a marketing plan?
A. Competitor reaction
B. Contribution to business performance
C. Marketing effectiveness
D. Consumer reaction
Answer:
Competitor reaction does not form the basis of a performance indicator for a marketing plan
Marketing Plan
- A marketing plan is a document that covers a company's marketing efforts for the next year.
- It covers the marketing strategy, promotional, and advertising actions that will be undertaken over the course of the year.
Competitors Reaction:
- Competitor retaliation can be a significant impediment to a firm's operations, so it's important to know how your competitors react to other companies' initiatives.
- Competitors can respond by lowering prices, launching strong marketing campaigns, or launching new items.
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