You buy a rental property for $400,000 today. the property provides $25,000 in rental income each year. you plan to sell the property in 4 years and expect to be able to sell it for $425,000 you expect inflation to be 3% per year over the time period. if your expectations are met, what is the average per year real return you earn on the rental property investment?

This activity is important because as a marketing manager, you must allocate resources to reach your target market. during the strategic marketing process, managers move through three important phases to determine how to optimally allocate resources: a planning phase, an implementation phase, and an evaluation phase. in this interactive exercise, you are asked to review various strategic marketing actions and determine where in the strategic marketing process the action would occur. the goal of this exercise is to demonstrate your understanding of the strategic marketing process and related marketing actions.