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you are asked to investigate how to determine which marketing techniques will be effective for selling a new product. you must write a report about your findings. once you have analyzed the problem and purpose of the report, you begin to anticipate the audience of your report. you consider the average educational level and prior subject knowledge of your readers. what does the educational level and prior subject knowledge of your audience help you determine? how much background material to include

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It is vital to create a marketing plan, which is a strategic instrument to identify and organize which marketing actions would lead a business to reach its goals, in order to ascertain the most efficient marketing strategies for selling a new product.

What is marketing plan?

The advertising and marketing strategies for the upcoming year are outlined in a thorough document or blueprint known as a marketing plan. It specifies the business operations necessary to achieve particular marketing goals within a predetermined time frame.

An overview of a company's existing marketing position, a discussion of its target market, and a description of the marketing mix it will employ to meet its marketing objectives are all included in a marketing plan.

Although a marketing strategy has a formal framework, it is quite adaptable and may be utilized as either a formal or informal document. It includes past information, forecasts for the future, and techniques or plans to accomplish the marketing goals.

To know more about marketing mix

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