CAMBRIDGE INTERNATIONAL AS & A LEVEL BUSINESS Language worksheet 22.1 Marketing strategy 1 Odd one out a Which of the following is not a marketing objective? Circle your answer. Increase UK market share to 15% b Decrease the number of defective products by 10% Achieve a 95% customer satisfaction rate Explain the reasons for your answer. ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ 2 a Which of the following is not a marketing objective? Circle your answer. Grow average customer spend by 12% b Increase the number of website hits by 10 000 per month Increase the motivation of sales staff through increased bonuses Explain the reasons for your answer. ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ 3 Key term match Match the key term to its purpose: situational analysis What the strategy is focused on achieving marketing objectives The overall plan of action to be taken to achieve the objectives marketing strategy The financial resources available marketing mix Where the business is now, which includes market research marketing budget The combination of the 4Ps that is to be used Cambridge International AS & A Level Business – Chalk & Malpas © Cambridge University Press 2021 1 CAMBRIDGE INTERNATIONAL AS & A LEVEL BUSINESS 4 Language development In your own words, explain the purpose of the key contents of a typical marketing plan and why they need to be included. Do not just copy out sections of the coursebook. a Situational analysis ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ b Marketing objectives ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ c Marketing strategy ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ d Marketing mix ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ e Marketing budget ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ ______________________________________________________________________________________ Cambridge International AS & A Level Business – Chalk & Malpas © Cambridge University Press 2021 2