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Characteristics of objectives
Specific
Measurable
Clear and concise
Practical and realistic
Affordable
attainable
Proactive SP Objectives
To gain additional market share or
additional revenue
To expand the target market
To develop favorable consumer
experience with the product
To add extra value to the product
Reactive SP Objectives
In response to competitive moves
When excessive inventory piles up
To generate short-term cash
When the decision is to discontinue a
product, or close down the business