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Principles of Marketing
Chapter 7
26
Marketing
Undergraduate 3
02/23/2008

Additional Marketing Flashcards

 


 

Cards

Term
Brand 208
Definition
A name, term, sign, symbol, or design, or a combination of these, intened to identify the goods or services of one seller or group of sellers and to differentiate them from those of competitors.
Term
Brand equity 214
Definition
The positive differential effect that knowing the brand name has on customer response to the product or service.
Term
Brand extension 221
Definition
Using a successful brand name to launch a new or modified product in a new category.
Term
Cobranding 220
Definition
The practice of using the established brand names of two different companies on the same product.
Term
Consumer product 200
Definition
Product bought by final consumer for personal consumption.
Term
Convenience product 201
Definition
Consumer product that the customer usually buys frequently, immediately, and with a minimum of comparison and buying effort.
Term
Industrial product 202
Definition
Product bought by individuals and oranizations for further processing or for use in conducting a business.
Term
Interactive marketing 228
Definition
Marketing by a service firm that recognizes that perceived service quality depends heavily on the quality of buyer-seller interaction.
Term
Internal marketing 226
Definition
Marketing by a service firm to train and effectively motivate its customer-contact employees and all the supporting service people to work as a team to provide customer satisfaction.
Term
Line extension 221
Definition
Using a successful brand name to introduce additional items in a given product category under the same brand name, such as new flavors, forms, colors, added ingredients, or package sizes.
Term
Packaging 209
Definition
The activities of designing and producing the container or wrapper for a product.
Term
Private brand (or store brand) 218
Definition
A brand created and owned by a reseller of a product or service.
Term
Product 199
Definition
Anything that can be offered to a market for attention, acquisition, use, or consumption that might satisfy a want or need.
Term
Product line 211
Definition
A group of products that are closely related because they function in a similar manner, are sold to the same customer groups, are marketed through the same types of outlets, or fall within given price ranges.
Term
Product mix (or product portfolio) 213
Definition
The set of all product lines and items that a particular seller offers for sale.
Term
Product quality 206
Definition
The ability of a product to perform its functions; it includes the product's overall durability, reliability, precision, ease of operation and repair, and other valued attributes.
Term
Service 199
Definition
Any activity or benefit that one party can offer to another that is essentially intangible and does not result in the ownership of anything.
Term
Service inseparability 224
Definition
A major characteristic of services--they are produced and consumed at the same time and cannot be separated from their providers, whether the providers are people or machines.
Term
Service intangibility 223
Definition
A major characteristic of services--they cannot be seen, tasted, felt, heard, or smelled before they are bought.
Term
Service perishability 224
Definition
A major characteristic of services--they cannot be stored for lated sale or use.
Term
Service-profit chain 225
Definition
The chain that links service firm profits with employee and customer satisfaction.
Term
Service variability 224
Definition
A major characteristic of services--their quality may vary greatly, depending on who provides them and when, where, and how.
Term
Shopping product 201
Definition
Consumer good that the customer, in the process of selection and purchase, characteristically compares on such bases as suitability, quality, price, and style.
Term
Social marketing 203
Definition
The design, implementation, and control or programs seeking to increase the acceptability of a social idea, cause, or practice among a target group.
Term
Specialty product 201
Definition
Consumer product with unique characteristics or brand identification for which a significant group of buyers is willing to make a special purchase effort.
Term
Unsought product 202
Definition
Consumer product that the consumer either does not know about or knoews about but does not normally think of buying.
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