What are the required actions to be taken before creating marketing strategy?

Question

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN · Answer

How much product you have in your store or How much the supplier will be able to provide you. We have to make a strategy based on the Sales budget.

Shahan Khan · Answer

Following are some crucial steps which need to be taken in account before creating a marketing strategy:

Mohamed abdelsalam shabrawi · Answer

Full knowledge of the product and the country in which the product will be sold

Aashish Khurana · Answer

(i) Product Knowledge ;

(ii) Market / Competitors Knowledge ;

(iii) Target Customer Knowledge / Behavior Study ;

(iv) Plant Knowledge -Who's Product has to be Marketed ;

(v) Team Knowledge -Of Who's Product has to be Marketed - Back End Support team & its knowledge - is very much essential - Production / R&D / QC ;

(vi) Area Of Market where focus has to be done ;

(vii) Price Which It has to be Targeted On .

Haseeb Khalid · Answer

Knowledge about market behavior and targeted customers.