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Marketing Chapter 3
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12
Marketing
Undergraduate 3
10/01/2013

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Term
Marketing intermediaries
Definition
Firms that help the company to promote, sell, and distribute its goods to final buyers
Term
Public
Definition
Any group that has an actual or potential interest in or impact on an organization's ability to achieve its objectives
Term
Demography
Definition
The study of human populations in terms of size, density, location, age, gender, race, occupation, and other statistics
Term
Baby boomers
Definition
the 78 million people born during the years following WWII and lasting until 1964
Term
Generation X
Definition
The 49 million people born between 1965 and 1976 in the "birth dearth" following the baby boom
Term
Millenials (Generation Y)
Definition
The 83 million children of the baby boomers born between 1977 and 200
Term
Economic environment
Definition
Economic factors that affect consumer purchasing power and spending patterns
Term
Natural environment
Definition
Natural resources that are needed as inputs by marketers or that are affected by marketing activites
Term
Environmental Sustainability
Definition
Developing strategies and practices that create a world economy that the planet can support indefinitely
Term
Technological environment
Definition
Forces that create new technologies, creating new product and market opportunities
Term
Political Environment
Definition
Laws, government agencies, and pressure groups that influence and limit various organizations and individuals in a given society
Term
Cultural environment
Definition
Institutions and other forces that affect society's basic values, perceptions, preferences, and behaviors
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