The Initial Step in the Strategic Marketing Process Is to Begin

question 8

Multiple Choice

The initial step in the strategic marketing process is to begin planning by conducting a

• A)business portfolio analysis.
• B)market-product analysis and setting goals.
• C)marketing program.
• D)situation (SWOT)analysis.
• E)diversification analysis.

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Definitions:

Net Operating Income

The profit generated from a company's regular business operations, excluding revenues and expenses from non-operating activities.

Contribution Margin Ratio

The proportion of sales revenue that is not consumed by variable costs and therefore contributes to covering fixed costs.

Fixed Expenses

Costs that remain constant for a period of time regardless of production levels or business activity.

Combined ROI

The total return on investment generated from a set of investments or projects, combined into a single measure.