Shared Flashcard Set

Details

final chap1
chapter 1-16
23
Marketing
Undergraduate 3
12/09/2008

Additional Marketing Flashcards

 


 

Cards

Term
marketing
Definition
An organization functon and a set of process for creating, communicating, and delivering value to customers and for managing customers relationships in ways that benefit the organization and its stakesholders.
Term
stakeholders
Definition
buyers, sellers, investors in a company.
Term
consumer
Definition
the ultimate user of a product
Term
marketing concept
Definition
a management orientation that focuses on identifying and satisfying consumer needs to ensure the organizations long time profitability.
Term
need
Definition
the recoginition of any difference between a consumers actual state and some ideal o desired state.
Term
want
Definition
the desire to satisfy needs in specific ways that are culturally and socially influenced.
Term
benefit
Definition
the outcome soughtby a customer that motivates buying behavior- that satisfys a need or want
Term
demand
Definition
customers desire for poducts coupled with resources to attain them.
Term
market
Definition
all the potenial customers in a specfic area who share a common need or want.
Term
mrketplace`
Definition
any location or medium used to conduct a exchange
Term
utility
Definition
the usefulness or benefits a consumer ecieves from a product.
Term
exchange
Definition
the process by which some transfer of value occurs between a buyer and a seller.
Term
prodction oreintation
Definition
a mgt. philosophy that emphazies the most efficent waysto produce and distribute products.
Term
selling orientation
Definition
a managerial view of marketing as a sales fuction, or a way to move products out of warehouses to reduce invetory.
Term
consumer orientation
Definition
a philosophy that concentrates on buyers and consumers.
Term
Total Quality Management
Definition
A mangement effort to involve all employees from the assembly line onward the concentrates on making the product better.
Term
new era oreintation
Definition
a mangement philosophy in whic marketing means a devotion to excellencein designing 478 473 6228
Term
social marketing concept
Definition
a mangement concept the marketers must satisfy buyers and consumers in ways that also support society
Term
sustainabiliy
Definition
a product design focus that seeks to satisfy consumers of tday not thinking of tommorrow
Term
value proposiotion
Definition
a marketplace offering that fairly and accurately sums up the value that will be relaized if the good or service is purchased.
Term
distinctive competency
Definition
a superior capability of a firm in comparision to its direct competitors.
Term
value chain
Definition
a series of activities involved in designing, producing, marketing, delivering, and supporting any product. Each link in the chain has the potential to either add or remove value from the product the customer evenually buys.
Term
consumer generated value
Definition
everyday people functioning in marketing are comming up with new ways in creating advertisemnet, providing inpu to new poduct development.
Supporting users have an ad free experience!