Question

"Each action in a marketing plan will generate new _____ regarding what works and what doesn t work, creating opportunities for new analysis and better strategies." ideas market data objectives and tactics analysis and strategies

Answer 1

The correct word for the blank space is: market data.

Step-by-step explanation:

In marketing, market data represents all the inputs from consumers a company can collect and from which better decisions can be made to satisfy customers' needs efficiently. The marketing department of an organization is constantly pursuing market data to identify changes in trends so the firm can react rapidly so operations and revenues will not be affected by major fluctuations.

Answer 2

the correct answer is market data.

Step-by-step explanation:

The new market data will provide with valuable information such as the customer behavioural and purchasing patterns along with what they like, don't like, new trends and the purchasing power of the customers.

This will lay a foundation for further analysis of the existing market segment and new market segments.