Question

Identify the business objective stated in the following statement. a) increase the profit margin by 10 percentage in August

Answer 1

Answer:

How to Define and Measure Marketing Objectives: A Start-to-Finish Guide

At the core of any great marketing plan is a list of strategic and clear marketing objectives.

Marketing objectives are a brand’s defined goals. They outline the intentions of the marketing team, provide clear direction for team members to follow, and offer information for executives to review and support.

Marketing objectives are a pivotal part of a marketing strategy. Without defined goals, a brand will struggle with achieving its plans because it won’t be clear on what it wants to do.  A straightforward plan is required to know what you hope to do and how you plan on doing it.

So if you’re developing a marketing strategy that has a vision but lacks a concrete list of marketing objectives – use this guide to improve and upgrade your plans.

You will be far more likely to reach your goals when they are defined, outlined, and compiled into a clear list of measurable marketing objectives.