click below
click below
Normal Size Small Size show me how
Marketing Vocab 1+2
Marketing Chapters 1
| Question | Answer |
|---|---|
| Goods and Services | Products |
| Kinds of things you can hold in your hand | Goods |
| Kinds of things you can't touch | Services |
| Takes place every time something is sold | Exchange |
| The function of marketing add value | Utility |
| Changing of raw materials | Form Utility |
| Product customers can buy | Place Utility |
| Having products available at a specific time of year | Time Utility |
| Pay for a product | Possession Utility |
| Communication with the consumer | Information Utility |
| People who buy products | Customers |
| People who use products | Consumers |
| Consumers satisfaction with product | Value |
| Who the customers are | Market |
| What you do to get into the mind of the prospect | Positioning |
| Plan used to reach all customers | Mass Marketing |
| The dividing of a total market into smaller groups | Market Segmentation |
| Market based on location | Geo-graphics |
| Populations personal characteristics | Demographics |
| Consumers based on their lifestyles | Psycho graphics |
| The combination of Psychographics, Demographics, and Geographics. | Customer Profile |