A Situation Analysis Refers to

question 92

Multiple Choice

A situation analysis refers to

• A) taking stock of where the firm or product has been recently, where it is now, and where it is headed in terms of the organization's marketing plans and the external forces and trends affecting it.
• B) an appraisal of an organization's cash flow and financial ratios to access its health and the potential for new investment.
• C) the process of continually acquiring information on events occurring outside the organization to identify and interpret potential trends.
• D) a technique that managers use to quantify performance measures and growth targets to analyze its clients' strategic business units as though they were separate investments.
• E) the process where a firm searches for growth opportunities from among current and new markets as well as current and new products.

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Definitions:

Cross-Promotion

Involves cooperative marketing by two or more firms of each other's products or services to leverage their respective audiences for mutual benefit.

Marketing Relationship

Strategies and tactics used by companies to attract, retain, and enhance relationships with customers.

Target Market

The particular group of consumers at which a product or service is aimed, identified by specific characteristics like age, gender, income, and lifestyle.

Ad Campaign

A series of advertisement messages that share a single idea and theme which make up an integrated marketing communication (IMC).