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MKTG
1.01 Marketing
Term | Definition |
---|---|
consumer | the one who uses the product |
consumer product | a product sold to a consumer |
customer | the one who purchases the product |
distribution/channel management | process by which marketers ensure that products are delivered to customers efficiently |
durable | not consumer or used up in 1 setting |
financing | obtaining financial resources to run a business or offering ways customers can pay for your product |
goods | tangible products you can touch |
idea | a thought or purpose |
industrial product | a product sold to a business |
marketing | set of processes used to deliver value to customers |
marketing concept | philosophy based on the belief that business activities should be used to satisfy customers |
mim | marketing function that involves gathering and evaluating info to help decisions |
nondurable | consumer or used up in 1 setting |
pricing | value to a customer |
product | products to offer |
promotion | used to inform |
selling | using communication to influence |
services | intangible |
swot | study of organizations strengths |