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Consider Figure 22-A above.Effective managers track the progress of their marketing plans to identify problems that need to be corrected.Sometimes,the problems are with the marketing plan and its strategies;at other times,they may be due to their implementation;and at still other times,they may be due to both.Recall that research on what really works shows that successful firms have excellence on both the planning and strategy side and the implementation or execution side.As Figure 22-A shows,marketers can develop and implement strategies that have four possible results.For "B," identify the MOST LIKELY result of the planning and implementation of the marketing plan and its strategies for a product or service.
Regression Toward
A psychological defense mechanism involving a return to an earlier stage of development when faced with stress.
Mean
The arithmetic average of a set of numbers, obtained by adding them together and dividing by the count of those numbers.
Correlation Coefficients
Statistical measures that describe the strength and direction of the relationship between two variables.
Relationship
refers to a connection, association, or involvement between two or more individuals, groups, or entities.
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