Mark has a brilliant business idea that he intends to explain to a venture capitalist.However,the venture capitalist agrees to invest in Mark's idea provided he prepares a report that explains the product,price,distribution,and promotion strategy.The venture capitalist also wants Mark to include an analysis of the existing competition and to clearly indicate his target customers in the report.Mark has been typically asked to prepare a _____ by the venture capitalist.

Question

Quizplus · Accepted Answer

Mark has been asked to prepare a marketing plan that includes a detailed explanation of the product, price, distribution, and promotion strategy. Additionally, the plan should evaluate existing competition and identify the target customers. A marketing plan is a comprehensive document that outlines a company's marketing strategies and tactics for achieving its marketing goals and objectives, making it the best choice in this scenario. A letter of credit, balance sheet, and documentary draft are unrelated to the requests made by the venture capitalist.

Mark Has a Brilliant Business Idea That He Intends to Explain