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Which information is known when conducting a market analysis about the demand for a product?
A competitive advantage
Market potential
Detailed product description
Target market
Marketplace opportunity
Monitors marketing strategies of rivals
Growing government regulation
Increased sales
An important step in the process of developing a marketing plan involves selecting which component?
A competitive advantage
Market potential
Detailed product description
Target market
Marketplace opportunity
Monitors marketing strategies of rivals
Growing government regulation
Increased sales
What is a potential threat a manager might identify in a SWOT analysis?
A competitive advantage
Market potential
Detailed product description
Target market
Marketplace opportunity
Monitors marketing strategies of rivals
Growing government regulation
Increased sales
The marketing objectives that a business develops for its marketing plan should lead to which situation?
A competitive advantage
Market potential
Detailed product description
Target market
Marketplace opportunity
Monitors marketing strategies of rivals
Growing government regulation
Increased sales
When it is conducting a competitive analysis a firm discovers a competitor's weakness. Which condition has the firm most likely uncovered?
A competitive advantage
Market potential
Detailed product description
Target market
Marketplace opportunity
Monitors marketing strategies of rivals
Growing government regulation
Increased sales
Which is an activity that a business performs when conducting a competitive analysis?
A competitive advantage
Market potential
Detailed product description
Target market
Marketplace opportunity
Monitors marketing strategies of rivals
Growing government regulation
Increased sales
By conducting a competitive analysis, businesses often are able to determine if they have which attribute?
A competitive advantage
Market potential
Detailed product description
Target market
Marketplace opportunity
Monitors marketing strategies of rivals
Growing government regulation
Increased sales
The marketing strategy of a marketing plan should include which component?
A competitive advantage
Market potential
Detailed product description
Target market
Marketplace opportunity
Monitors marketing strategies of rivals
Growing government regulation
Increased sales
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