A marketing plan is not required if a person plans to use his or her own personal savings and direct marketing.

Question

Quizplus · Accepted Answer

A marketing plan is important regardless of whether someone plans to use personal savings or direct marketing. A marketing plan helps in identifying and understanding the target market, developing marketing strategies, and setting goals for the business. It is a blueprint that guides a business's marketing efforts and helps to achieve a competitive advantage.

A Marketing Plan Is Not Required If a Person Plans