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After Management Develops the Product Concept and Marketing Strategy,it Can

question 82

Essay

After management develops the product concept and marketing strategy,it can evaluate the proposal's business attractiveness.Management needs to prepare sales,costs,and profit potentials.The first step is to estimate total sales.Describe what is included in estimating total sales.


Definitions:

Diversity

Incorporating individuals of various national origins, ethnicities, faiths, economic classes, and sexual orientations.

Communication Process

The sequence of steps through which information is transmitted and received between senders and receivers.

Planning Phase

The initial stage in a project or process where objectives are defined, resources are allocated, and strategies are developed.

Culture

The customs, arts, social institutions, and achievements of a particular nation, people, or other social group.

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