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Wayne is taking a digit span test.When he hears this series of digits,3 9 4 2 6 1 2,he realizes the digits match the ages of people in his family; his mother is 39,his father is 42,his little sister is 6,and he is 12.He decides to remember the series of four ages rather than try to recall each digit separately.Wayne is using a strategy called
Marketing Strategy
Marketing Strategy is a company's comprehensive plan, including its activities and tactics, aimed at effectively promoting its products or services to its target market to achieve its business objectives.
Playbook
A comprehensive guide outlining strategies, practices, and guidelines in a particular field or for a specific process to achieve desired outcomes.
Situation Analysis
An assessment conducted by an organization to identify its internal strengths and weaknesses, along with external opportunities and threats to craft strategic plans.
Competitive Forces
The various external pressures that businesses face in the marketplace, including competition from other firms, the bargaining power of suppliers and customers, and the threat of new entrants and substitute products.
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