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Marketing Exam 2
priciples of marketing chapters 8-12 and 20, abernethy, Auburn University
31
Marketing
Undergraduate 1
06/01/2009

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Term
intranet
Definition
system for linking computers within a company
Term
data warehouse
Definition
a place where databases are stored so that they are available when needed
Term
marketing model
Definition
a statement of relationship among marketing variables
Term
hypotheses
Definition
educated guesses about the relationships between things or about what will happen in the future
Term
research proposal
Definition
a written plan that specifies what information will be obtained and how
Term
validity
Definition
concerns the extent to which data measures what it is intended to measure
Term
new unsought products
Definition
products offering really new ideas that potential customers don't know about yet
Term
regularly unsought products
Definition
products like gravestones, life insurance, and encyclopedias that stay unsought but not unbought forever
Term
accessories
Definition
short lived capital items such as tools and equipment used in production or office activities
Term
farm products
Definition
grown by farmers
Term
natural products
Definition
products that occur in nature
Term
service mark
Definition
the same as a trademark except that it refers to a service offering
Term
lanham act
Definition
1946, spells out what kind of marks can be protected and the exact method of protecting them
Term
family brand
Definition
the same brand name for several products, or individual brands for each product
Term
licensed brand
Definition
a well known brand that sellers pay a fee to use
Term
individual brands
Definition
seperat brand names for each product, when its important for each product to have seperate a seperate identity, as when products vary in quality or type
Term
generic products
Definition
products that have no brand at all other than identificationof their contents and the manufacturer or middleman
Term
federal fair packaging and labeling act
Definition
1966, requires that consumer goods be clearly labeled in easy to understand terms
Term
magnuson moss act
Definition
1975, producers must provide a clearly written warranty if they choose to offer any
Term
new product
Definition
on that is new in any way for the company concerned
Term
federal trade commision (FTC)
Definition
federal govt agency that polices monopoly laws
Term
consumer product safety act
Definition
1972, set up the consumer product safety commision to encourage safety in product design and better quality control
Term
concept testing
Definition
getting reactions from customers about how well a new product idea fits their needs
Term
product managers or brand managers
Definition
manage specific products, often taking over the jobs formerly handled by an advertising manager
Term
accumulating
Definition
collecting products from many small producers
Term
sorting
Definition
separating products into grades and qualities desired by different target markets
Term
vertical marketing systems
Definition
channel systems in which the whole channel focuses on the same target market at the end of the channel
Term
corporate channel systems
Definition
corporate ownership all along the channel, we might say the firm is going direct
Term
reverse channels
Definition
channels used to retrieve products that customers no longer want
Term
physical distribution (PD)
Definition
another common name for logistics
Term
virtual corporation
Definition
where the firm is primarily a coordinator, with a good marketing concept
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