What are gauging tools comprised in annual plan control, Marketing Management

Assignment Help:

What are gauging tools comprised in annual plan control?

Annual plan control consists of at least five performance gauging tools as illustrated below in points:

a) Sales analysis comparing its sales targets to actual sales as well as accounting for discrepancies.

b) Market share analysis comparing the countries sales along with such of its competitors. The country must also compare its own sales to net sales into the global market and to sales into its “market segment” neighbouring countries as well as countries that share its political ambience and same size countries so more.

c) Expense to sales analysis exhibits the range of costs both explicit cost and hidden implicit cost of achieving the countries sales objectives.

d) Financial analysis computes various performance ratios as like profits to sales profit margin, profits to assets return onto assets, sales to assets asset return, assets to worth financial leverage, and, at last, profits to worth return onto net worth of infrastructure.

e) Customer satisfaction is the eventual indicator of tracking goal attainment. The country must actively seek, make easy and encourage feedback, both negative and positive by creating friendly and ubiquitous complaint and idea systems. Customer loyalty and frequent satisfaction surveys must form an integral part of any marketing drive.


Related Discussions:- What are gauging tools comprised in annual plan control

What is penetration pricing, Penetration Pricing This term is refers to...

Penetration Pricing This term is refers to a pricing strategy that dictates that the price of an item being introduced into a market should be set as low as possible to develop

Brand policies and strategies adapted by the middleman, Brand policies and ...

Brand policies and strategies adapted by the middleman: it includes the following two policies: Use of brand of manufacture only: under this policy, the middlemen sell the prod

Marketing plan, Marketing plan for a "global" Airline company that is local...

Marketing plan for a "global" Airline company that is localising the global. e.g. Lufhtansa in nigeria

Test marketing, various approches followed by FMCG companies in test market...

various approches followed by FMCG companies in test marketing

Success of shopers stop, What are the significant factors that have led to ...

What are the significant factors that have led to the success of shopers stop?

Unfair trade practices of MRTP act, Unfair Trade Practices of MRTP Act ...

Unfair Trade Practices of MRTP Act For preventing deceptive as well as misleading advertisement MRTP Act has declared convinced trade practices as unfair. These inequitable Tra

What do you understand by market efficiency, Question: (a) What do you ...

Question: (a) What do you understand by market efficiency and why is it important? (b) Explain each form of market efficiency. (c) Give any one test of weak-form and semi

Retail management, what are the various methods used to categorize retailer...

what are the various methods used to categorize retailers?

What is psychographic or psychological segmentation, What is Psychographic ...

What is Psychographic or Psychological Segmentation? Psychographic/Psychological Segmentation: A Psychographic or Psychological characteristic taken as to inner character

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd