Question: EACH ANSWER NEEDS TO BE MINIMUM OF 200 WORDS! 1. A marketing plan provides a road map for a companys marketing decisions. It helps to

EACH ANSWER NEEDS TO BE MINIMUM OF 200 WORDS!

1. A marketing plan provides a road map for a companys marketing decisions. It helps to ensure that a companys marketing activities and strategies are aligned. Outline and explain in detail the main components/sections that are essential to include in the marketing plan.

2. Provide detailed explanations and examples for the following pricing objectives:

  • Profit oriented

  • Sales oriented

  • Status Quo oriented

How does the implementation of a pricing objective affect a companys marketing strategy?

3. Explain and give examples of the following:

  • Paid media

  • Owned Media

  • Earned media

Provide two advantages and two disadvantages of each.

4. Describe in detail and explain some of the major challenges facing marketers currently and in the future? As a marketer what would you do to prepare for these challenges?

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