1. Define strategic planning and briefly describe the four steps that lead managers and the firm through the strategic planning process. Discuss the role marketing plays in this process.
2. Name and describe the four product/market expansion grid strategies. Provide an example of a company implementing each strategy.
3. Explain the roles of market segmentation, market targeting, differentiation, and positioning in implementing an effective marketing strategy.
4. Define each of the four Ps. What insights might a firm gain by considering the four Cs rather than the four Ps?