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Kotler Principles of Marketing 13e Chapter 18
Terms and Concepts
11
Marketing
Undergraduate 3
10/25/2011

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Term
Discount
Definition
a straight reduction in price on purchase during a stated period of time
Term
Formulated Marketing
Definition
as small compa
Term
Function/Trade Discount
Definition
offered by the seller to trade-channel members who perform certain functions such as selling, storing, and record keeping
Term
Seasonal Discount
Definition
price reduction to buyers who buy merchandise or services out of season
Term
Allowance
Definition
promotional money paid by manufacturers to retailers in return for an agreement to feature the manufacturer's products in some way
Term
Trade in Allowances
Definition
price reductions given for turning in an old item when buying a new one
Term
Promotial Allowances
Definition
payments or price reductions to reward dealers for participating in advertising and sale support programs
Term
Segmented Pricing
Definition
selling a product or service at two or more prices, where the difference in price is not based on differences in cost
Term
Customer Segmented Pricing
Definition
different customers pay different prices for the same product or service; discounts for seniors
Term
Product Form Pricing - different versions of the product are priced differently but not according to differences in cost
Definition
Term
Loction Pricing
Definition
company charges different prices for different locations, even though the cost of offering each location is the same
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