Business – 3.1 The nature of marketing – Role of marketing | e-Consult
3.1 The nature of marketing – Role of marketing (1 questions)
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Evaluation:
- Objective A: Meets all SMART criteria.
- Specific – “10 % increase in sales”.
- Measurable – percentage increase can be quantified.
- Achievable – assuming market research supports the target.
- Relevant – sales growth is central to a product launch.
- Time‑bound – six‑month deadline.
- Objective B: Does not meet SMART criteria.
- Vague – “market leader” is not specific.
- Not measurable – no metric or timeframe.
- Unclear if achievable or relevant without further detail.
- Objective C: Also meets SMART criteria.
- Specific – “5 000 new leads”.
- Measurable – number of leads is quantifiable.
- Achievable – realistic if digital budget and strategy are adequate.
- Relevant – leads are essential for conversion in a launch.
- Time‑bound – by the end of Q3.