Finance is vital for which of the following business activity (activities)?
Finance is vital for following business activity
Key elements of the business plan are the marketing, finance, and production plans. The marketing plan should set out:
Marketing objectives related to such aspects as market share, awareness of brands and products by consumers, growth of the market etc.
The marketing environment, eg. plans to compete against rivals, plans to manage to change social trends, and so on.
Market research to find out what customers want and need and then to develop plans to give them what they want.
The marketing mix, i.e. the mix of product, price, promotions, and place (i.e. distribution channels).