What is marketing strategy and planning

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Reference no: EM132201549

1. Describe (in your own words) what is Marketing strategy and planning? (NO PLAGIARIZING 100-200 WORDS)

2. What is Strategic Management and how is it used to produce successful results for an organization? You may use several examples of how it is or has been used in successful companies.

3. Families who has pet are classified as having one, two or three pets. Let say that in a given year, 15% of families with one pet move to a have 3 pets, and 5% move to have 2 pets; also 6% of all families with 3 pets move to having only one pet, and 4% move to a having 2 pets; finally, 4% of all families having 2 pets move to an having 1 pet and 6% move to a 3 pets.

If a family now have one pet. What is the probability that it will have one pet, two pets or 3 pets two years from now?

Reference no: EM132201549

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