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MKT271 - Principles of Marketing

Use this guide to help you get started on your Marketing 271 research on analyzing the marketing process and environment with regard to the product, pricing, distribution, and communication in order to satisfy buyer needs.

Marketing Plan

A marketing plan is a strategic document that outlines how a business or organization will promote its products or services to attract customers and achieve its goals. It serves as a roadmap, guiding efforts to reach the right audience, maximize engagement, and drive sales.

A strong marketing plan typically includes:

  • Objectives – Clear goals, such as increasing brand awareness or boosting revenue.

  • Target Audience – Insights into customer demographics, interests, and behaviors.

  • Competitive Analysis – Understanding the market landscape and positioning.

  • Marketing Strategies – Specific tactics, like digital advertising, social media, content marketing, and events.

  • Budget – Allocation of financial resources to different marketing initiatives.

  • Performance Metrics – Key indicators to track success and make improvements.

Encyclopedia of Major Marketing Strategies

Marketing Plan Outline Template