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Chapter 10

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Question
Answer
Marketing Plan   A plan used by a business to guide its marketing process to a desired conclusion.  
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Marketing Objectives   Are what a business wants to accomplish through its marketing efforts.  
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Marketing Mix   Made up of five marketing strategies you will use to reach your market.  
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Brand   The name, symbol, or design used to identify a product.  
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Package   The physical container or wrapper that holds the product.  
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Label   The part of the package used to present information.  
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Product Positioning   Refers to how consumers see your product compared to the competition's product.  
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Product Mix   All of the products a company makes or sells.  
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Channel of Distribution   The path a product takes from producer (or manufacturer) to final user (or consumer).  
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Intermediaries   These are the people or businesses that move products between producers and final users.  
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Intensive Distribution   Involves placement of a product in all suitable sales outlets.  
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Selective Distribution   Limits the number of sales outlets in an area.  
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Exclusive Distribution   Limits the number of outlets to one per area.  
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Marketing Tactics   Activities that need to be taken to carry out the marketing plan.  
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Private Brand   A brand that is owned and initiated by a wholesaler or retailer.  
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Guarentee   An assurance of the quality of a product.  
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Diversification   Is the process of investing in products or businesses with which you are not currently involved.  
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