________ Is an Important Part of the Planning Stage of the Systems

question 67

Multiple Choice

________ is an important part of the planning stage of the systems development life cycle and examines whether an initiative is viable from technical, financial, and legal standpoints.

• A)Procurement analysis
• B)Feasibility study
• C)Market share analysis
• D)Brand assessment

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Definitions:

Marketing Mix

A foundational model in marketing consisting of four key components: product, price, place, and promotion, used to pursue marketing objectives.

Power Tools

Tools that require an external power source to operate, often used for construction, repair, and DIY projects.

Advertising Plan

A strategic document outlining the objectives, tactics, target audience, and budget for promoting products, services, or brands through various advertising channels.

Promotional Strategy

A plan of action designed to effectively communicate the benefits of a product or service to the target audience to stimulate demand.