Identify the factors which determine the length of a long-term-marketing plan.
4 years ago
Marketing
The factors which determine as to whether a long-term marketing plan should be for 3 or 5 years or more may be the following, among others:
(i) Product development time
(ii) Resource development time
(iii) Market development time
(iv) Physical facilities development time
(v) Pay-off time for capital investment
(vi) Product life, etc.
Susmita Sah
Jan 17, 2022