Shared Flashcard Set

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MK-001
19
Marketing
12th Grade
09/05/2013

Additional Marketing Flashcards

 


 

Cards

Term
Advertising
Definition
Any paid form of nonpersonal presentation of ideas, goods, or services
Term
Customers/
Definition
The people who buy the goods and services/
Term

Durable Goods

 

Definition
Tangible items that should last a long time.
Term
Economy
Definition
The system in which people make and spend their income.
Term
Feature
Definition
A fact about or characteristic of the product.
Term
Goods
Definition
Tangible objects and materials.
Term
Marketing
Definition

The activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large

 

Term
Marketing Concept
Definition

A philosophy of conducting business that is based on the belief that all business activities should be aimed toward satisfying customer wants and needs while achieving company goals

 

Term
Nondurable Goods
Definition

Goods that are consumed in a short amount of time.

 

Term
Personal selling
Definition

The form of promotion that determines client needs and wants and responds through planned, personalized communication that influences purchase decisions and enhances future business opportunities

 

Term
Planning
Definition

management function of deciding what will be done and how it will be

 

accomplished

 

Term
Pricing
Definition

marketing function that involves determining and adjusting prices to maximize return and meet customers’ perceptions of value

 

Term
Producers
Definition
The people who provides the good or service
Term
Product
Definition

Marketing element referring to what goods, services, or ideas a business will offer its customers

 

Term
Publicity
Definition

Any nonpersonal presentation of ideas, goods, or services that is not paid for by the company or individual that benefits from or is harmed by it

 

Term
Sales Promotion
Definition

Promotional activities other than advertising, personal selling, and publicity that stimulate customer purchases

Term
Services
Definition
Intangible activities that are  performed by other peole for money; productive acts that satisfy economic wants
Term
Standard of Living
Definition
The general condition in which people live; the quality of life.
Term
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Definition
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