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Marketing Essentials Graham 2
Chapter 2 vocabulary words
15
Marketing
12th Grade
10/02/2013

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Term
Enviormental Scan
Definition
An analysis of outside influences that may have an impact on an organization.
Term
Marketing Plan
Definition
Formal written document that directs a companies activites for a specific period of time.
Term
Executive Summary
Definition
A brief overview of the entire marketing plan.
Term
Marketing Strategy
Definition
Identifies target markets and sets marketing mix choices that focus on those markets.
Term
Sale Forecasts
Definition
Budgets and detials of each activity and who will be responsible for each activity.
Term
Situation Analysis
Definition
Is the study of the internal and external factors that affect marketing strategies.
Term
Performance Standard
Definition
An expectation for performance that reflects the plans objectives.
Term
Market Segmentation
Definition
Classifying group into certain marketing groups.
Term
Demographics
Definition
Refer to statistics that describe a population in terms of personal charachteristics such as age, etc.
Term
Disposable Income
Definition
Money left over after taking out taxes.
Term
Discretionary Income
Definition
Money After paying for living exspenses.
Term
Geographics
Definition
Based on segmentation on where people live.
Term
Psychographics
Definition
Involves grouping people with similar lifestyles.
Term
Mass Marketing
Definition
Involves single marketing strategy to reach all customers.
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