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1. Your friend is developing a marketing plan for her new business. What should she put in this plan? A. Where she wants to sell her product B. The price of her product C. A description of the people in her target market D. All of the above 2. Which statement is the best description of Value Proposition? A. The cost of creating the product. B. A component of the business plan that identifies the target market for the product. C. The features and benefits that make the product or business unique. D. None of the above 3. What is the main purpose of developing business pitch? A, To tell investors all the important details and goals of your business so they don't need to read the business plan. B. To provide customers with an in-depth description of how your business was formed. C. To briefly share the most important information about your business to people in an engaging way. D. To determine whether your business idea is a business opportunity. 4. Which of the following is probably NOT an important point to include in a business pitch? A. A detailed description of the meaning behind the company's name. B. The problems that the product or service solves or the demands it meets. C. how the product or service is different. D. Clear reasons why the potential customers and investors should care about the business. 5. Why is it important to conduct market research on your target audience before building your marketing plan? A. Newspapers and magazines will give you a discount on advertisements if you show them your research. B. You need to consider who your potential customers are before deciding on marketing strategies. C. Customers enjoy sharing their opinions, so market research will make your product sell more. D. It doesn't matter which one you do first.

William Cain

in Business

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Deborah Edwards on January 15, 2019

1. Your friend is the development of a marketing plan for your new business. What should be put in this plan?A. Where she wants to sell their productB. The price of the productC. A description of the people in your target marketD. All of the aboveA marketing plan serves as a blueprint or model of what the company wants its advertising and marketing efforts to include for the next year. The marketing plan included in the product must be sold, what should be the price and the appropriate market for the product. 2. Which statement is the best description of the Value Proposition?C. The features and benefits that make the product or business unique.The value proposition is a list of features that the benefits that are going to make a product attractive to your customers. The value proposition is going to attract the customers according to the value that the customers perceive the wait. 3. What is the main purpose of a business development pitch?C. briefly share the most important information about your business to people in an entertaining way.A pitch is a short spoken summary of your work or product to a target audience. When developing your business pitch, it is important to remember that to make it short, sweet, and appealing to your audience. The more attention you can draw from your tone the better chances you have of your product selling. 4. Which of the following is probably NOT an important point to include in a business pitch?A. A detailed description of the meaning behind the name of the company.If you are referring to question 3, the pitch is something that is short and sweet, but includes the participation factor of your product. It is important to ensure that the tone is not super detailed. 5. Why is it important to conduct market research on your target audience before building your marketing plan?B. You need to consider the possibility that your potential customers are before you decide on the strategies of marketing.Su marketing plan should only contain information that the market to your target market. It is important to ensure that you are attracting the right audience, because if you are marketing to a public that is not interested, the product will not sell.


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