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How businesses choose target markets, position their offerings, and align marketing decisions with customer needs and business goals.

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From Marketing Strategy: Strategic marketing planning · The Planning Process

Which of these marketing objectives meets the SMART criteria?

  1. Grow sales as much as the market allows
  2. Become the region's most loved brand
  3. Raise repeat purchases 10% within 12 months
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Answer: Raise repeat purchases 10% within 12 months

It is specific, measurable, achievable, relevant and time-bound; the others give no number or deadline to check against.

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