Vidyalelo
Management · Q299

Strategic Management

Graduate and Post Graduate · Management · question 299

Q299

The strategic marketing process is how an organization allocates its marketing mix resources to reach its:

A.
stated business ideas
B.
potential
C.
target markets
Answer
D.
competition

Answer: Option C

Solution

Answer: Option C
Solution:
The strategic marketing process is how an organization allocates its marketing mix resources to reach its target markets. Strategic Marketing is a process of planning, developing and implementing maneuvers to obtain a competitive edge in your chosen niche. This process is necessary to outline and simplify a direct map of the company's objectives and how to achieve them.