Business Studies, asked by krypter49, 5 months ago

identify the important factors described in the marketing plan and the financial plan?​

Answers

Answered by kimayagurav
68

Answer:

The plan identifies the target market, the value proposition of the brand or the product, the campaigns to be initiated, and the metrics to be used to assess the effectiveness of marketing initiatives.

Explanation:

hope it will help u.

Answered by Anonymous
6

Both the plans are crucial for the successful running of an organisation and its achievements of objectives.

  • The marketing plan It takes into account the elements of marketing mix vital for a business.
  • Factors described in the marketing plan are -
  1. Product
  2. Price
  3. Promotion
  4. Place
  5. People
  6. Process and
  7. Physical evidence
  • The financial plan takes into account the current and estimated costs, and the financial goals set for achievement of objectives.  
  • Factors described in the financial plan are -
  1. Risk management plan
  2. Cash flows and expense monitoring
  3. Listing assets and liabilities
  4. Long-term investment plan and insurance
  5. Monitoring and optimisation.

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