Shared Flashcard Set

Details

Marketing 201
Chapter 2
24
Marketing
Undergraduate 3
09/29/2013

Additional Marketing Flashcards

 


 

Cards

Term
Profit
Definition
money left after expenses
Term
Strategy
Definition
an organizations long-term course of action designed to deliver a unique customer experience
Term
corporate level
Definition
where top management directs overall strategy for the entire organization
Term
strategic business unit
Definition
a unit of an organization that markets a set of related offerings to a cleary defined group of customers
Term
functional level
Definition
group of specialists actually create value for the organization
Term
cross-functional teams
Definition
consists of a small number of people from different departments who are mutually accountable to accomplish a task
Term
core values
Definition
principles that guide an organizations conduct over time
Term
mission
Definition
statement of the organizations function in a society that often identifies its customers, markets, products, and technology
Term
organizational culture
Definition
the set of values that is learned and shared among the members of an organization
Term
business
Definition
underlying industry or market sector of an organizations offering
Term
business model
Definition
strategies an organization develops to provide value to the customers it serves
Term
goals/objectives
Definition
statements of an accomplishment of a task to be achieved
Term
market share
Definition

the ratio of sales revenue of the firm to the total sales revenue of all the firms 

 

Term
marketing dashboard
Definition
visual computer display of essential info related to objective
Term
marketing metric
Definition
a measure of the quantitative value or trend of a marketing activity
Term
marketing plan
Definition
a road map for the marketing activitiesof an organization for a time period
Term
competitive advantage
Definition
a unique strength relative to competitors that provides superior returns
Term
Business Portfolio Analysis
Definition
techniques used by managers to quantify performance measures
Term
diversification analysis
Definition
technique that helps a firm search for growth opportunities
Term
strategic marketing process
Definition
allocation of an organizations marketing mix resources
Term
situation analysis
Definition
taking stock of where the firm/product has been, and where it is heading
Term
SWOT analysis
Definition
acronym describing an organization's appraisal of its internal strengths, weaknesses, opportunities and threats
Term
market segmentation
Definition
aggregating prospective buyers into groups or segments
Term
points of difference
Definition
characteristics of a product that make it superior to substitutes
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