Shared Flashcard Set

Details

3.2
Position venture/product to acquire desired business image
25
Business
12th Grade
04/26/2013

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Cards

Term
Product Naming
Definition
the discipline of deciding what a product will be called
Term
Brand
Definition
the name, term, design, symbol, or any other feature that identifies one deller's good/service as distinct from those or other sellers, product item
Term
Product lining
Definition
the marketing strategy of offering several related products for sale as individual units
Term
Product Bundling
Definition
where several products are combined into one group which is then offered for sale as a unit, product lining involves offering the products for sale seperatly
Term
Category
Definition
the broad spectrum of products a company has to offer product line with
Term
Sub-Category
Definition
the categories within the categories
Term
Line Depth
Definition
refers to the number of subcategories in a category
Term
Line Consistency
Definition
refers to how closely related the products that make up the line are
Term
Line Vulnerability
Definition
refers to the percentage of sales or profits that are derived from only a few products in the line
Term
Width of Product Mix
Definition
the number of different categories of a company
Term
Length of Product Mix
Definition
the total number of products sold in all lines
Term
Family Branding
Definition
when a line of products is sold with the same brand name
Term
Product Line Extension
Definition
add a new product to a line
Term
SKU
Definition
Stock Keeping Unit. when you have a single saleable item distinguished by size, appearance, prize, or some other attribute in your product line
Term
Image Anchors
Definition
high promoted products within a line that defines the image of the whole line
Term
Line Filling
Definition
when you add a new product within the current range of an incomplete line
Term
Trading Up
Definition
brand leveraging, up market stretch, is when you add a line extension that is of quality than the other products in the line
Term
Trading Down
Definition
down market stretch, add a line extension that is of lower quality than the other products of the line
Term
Two-Way Stretch
Definition
when you stretch the line in both directions
Term
Product Line Contraction
Definition
when you discontinue a product from a line
Term
Product Line Positioning
Definition
the process by which marketers try to create an image or identity in the minds of their target market for its product
Term
Narrow Product Mix
Definition
few categories of products in the marketing mix
Term
Broad Product Mix
Definition
many different categories of products in the marketing mix
Term
Shallow Marketing Mix
Definition
only a few subcategories in the product category
Term
Deep Product Mix
Definition
many subcategories in the product category
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