MYTUTOR SUBJECT ANSWERS

468 views

Evaluate the use of marketing plans for businesses:

Advantages of a Marketing Plan:

-Having a marketing plan forces a business to think about how it will act in the future; this means they will be proactive and not just reactive (where they would simply react to events as they happen).

-It may be motivating to staff, as they are consulted in decision making so will feel valued.

-A thorough planning process will mean that the marketing plan is co-ordinated with other departments; all departments are pulling in the same direction, meaning good co-operation.

-Plans will be developed alongside business objectives, meaning objectives are more likely to be achieved.

Disadvantages of a Marketing Plan:

-Opportunity cost – time and money could be invested elsewhere in the business.

-Many marketing plans are poorly drawn up due to the lengthy nature of them. This may mean they don’t work properly, leading to demotivation and time and money wasted.

Peter C. GCSE Business Studies tutor, A Level Business Studies tutor,...

1 year ago

Answered by Peter, who has applied to tutor A Level Business Studies with MyTutor


Still stuck? Get one-to-one help from a personally interviewed subject specialist

8 SUBJECT SPECIALISTS

£20 /hr

Modupeola A.

Degree: Accounting and Finance (Bachelors) - Edinburgh University

Subjects offered:Business Studies, English Literature+ 4 more

Business Studies
English Literature
Economics
Accounting
-Personal Statements-

“I am a part-time tutor studying Accounting and Finance at the University of Edinburgh. I look forward to working with you to achieve your target grades. ”

£20 /hr

Nathan B.

Degree: International Relations and Politics (Bachelors) - Sheffield University

Subjects offered:Business Studies, Maths+ 1 more

Business Studies
Maths
History

“My love for teaching and learning will shine through and ensure that every student achieves what they want to achieve!”

Robyn C. A Level Business Studies tutor, GCSE Design & Technology tut...
£30 /hr

Robyn C.

Degree: Business Management (Bachelors) - Cardiff University

Subjects offered:Business Studies, -Personal Statements-

Business Studies
-Personal Statements-

“Hi, my name is Robyn and I am a Business Management student at Cardiff University.  I am very patient and friendly and really enjoy teaching. I have been teaching Taekwondo since I was 15, so have a lot of experience teaching, with pe...”

About the author

£20 /hr

Peter C.

Degree: BA Business and Management with Industrial Experience (Bachelors) - Exeter University

Subjects offered:Business Studies, Psychology+ 5 more

Business Studies
Psychology
Maths
ICT
Geography
English
Biology

“Top tutor from the renowned Russell university group, ready to help you improve your grades.”

MyTutor guarantee

You may also like...

Posts by Peter

Evaluate the use of marketing plans for businesses:

How does quantitative sales forecasting compare to qualitative sales forecasting?

Other A Level Business Studies questions

What is the Triple Bottom line?

Describe one way that labour turnover can be reduced

What is the marketing mix?

What is Opportunity Cost?

View A Level Business Studies tutors

We use cookies to improve your site experience. By continuing to use this website, we'll assume that you're OK with this. Dismiss

mtw:mercury1:status:ok