A Key Element in a Marketing Plan Is

question 8

Multiple Choice

A key element in a marketing plan is:

• A) using the entrepreneur's personal strengths.
• B) reflecting what the entrepreneur feels is right.
• C) emphasizing the negative aspects of the competition.
• D) establishing the correct marketing mix.

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Definitions:

Agricultural Subsidies

Government financial assistance to farmers to supplement their income, stabilize food prices, and ensure a reliable food supply.

Tariffs

Taxes imposed on imported goods and services, which are typically used by governments to regulate trade and protect domestic industries.

Agricultural Imports

Refers to the purchase of food, crops, and other agricultural products from foreign countries to meet domestic demand or supply shortages.

Price Supports

Government interventions in markets to maintain the price of a commodity or product above market levels through subsidies or purchases.