A marketing plan can be used to outline strategies across products, promotions, place, and price point in several ways. It can be used to identify target markets and understand their needs and wants, which can then be used to develop products that meet these needs. The plan can also outline promotional strategies to effectively communicate the benefits of these products to the target market. Furthermore, it can detail distribution strategies to ensure the products are available in places where the target market can easily access them. Lastly, the plan can outline pricing strategies to ensure the products are priced competitively while still generating a profit.
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