as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
enumerate why businesses should develop an effective digital marketing strategy.
user
1. reach a wider and more diverse audience.
2. increase website traffic and conversions.
3. improve customer engagement and retention.
4. enhance brand awareness and recognition.
5. target market segmentation.
6. increased roi (return on investment).
7. reduced advertising and marketing costs.
assistant