why would a business want to develop a marketing strategy

Question

because the law requires it
because it is easy to develop
because it wants to increase sales
because you cant start a business without one

Answer 1

The correct answer is: because it wants to increase sales.

While the law may require certain businesses to have specific marketing efforts or adhere to certain marketing guidelines, the primary reason for developing a marketing strategy is to increase sales and drive business growth. A well-designed marketing strategy helps businesses effectively reach their target audience, promote their products or services, build brand awareness, and ultimately generate more customers and revenue. Additionally, having a clear marketing strategy allows businesses to differentiate themselves from competitors, establish their brand identity, and maintain a competitive edge in the market.