Market planning or budget planning plays a major role in business marketing, further providing means for business growth and success. It outlines the costs involved, strategies to implement, smart tactics and estimated results to achieve over a specific time period. Having a good market plan helps the entire team focus and work towards specific goals, which is extremely important for the success of a business. The amount of time spent in creating a good marketing strategy is negligible, when compared to the risks and unexpected failures occurring due to lack…