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Entrepreneurial Marketing 1
George
10
Business
Undergraduate 3
10/08/2012

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Term
Discovery Agreement
Definition
A summary, playback, verbal and/or written, on the nature of the problem and its probable causes, plus request for agreement
Term
Marketing Deffinition changed in ____ and it emphasized ___ and ___
Definition
2005
Value
Customer
Term
2 Types of Marketing
Definition
Transactual Marketing- Large number of products

Realationship Marketing- Based on Long Term Realationships
Term
Features vs. Benefits
Definition
Feature: something intreging about your product

Benefit: What feature does for Buyer

GPS Ex.
Feature: GPS
Benefit: Help guide you places
Term
Marketing Mix
Definition
Product
Price
Place
Promotion
Term
Marketing Plan Deffinition
Definition
A written document that providesf a BLUE PRINT or outline of an organizations marketing activities including:
-implementation
-evaluation
-control over these activities
Term
Marketing Plan outline
Definition
1.Executive Summary
2.Situation Analysis
3.SWOT Analysis
4.Marketing Strategy
-Segmentation/Target Market
-Poisitioning
5.Marketing Mix (4P's)
6.Market Implementation
7.Evaluating Control
Term
Most important about Executive summary
Definition
Convince the reader that you have a compelling opportunity
Term
Purpose of Situation Analysis
Definition
used to describe current and future issues and key trends as they affect 3 enviornments:
1. Internal Environment
2. Customer Environment
3. External Environment
Term
Research 2 kinds
Definition
Secondary: Data already been collected
Primary: Customized for company (made data)
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