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MKTG
1.01 Marketing
| Term | Definition |
|---|---|
| consumer | the one who uses the product |
| consumer product | a product sold to a consumer |
| customer | the one who purchases the product |
| distribution/channel management | process by which marketers ensure that products are delivered to customers efficiently |
| durable | not consumer or used up in 1 setting |
| financing | obtaining financial resources to run a business or offering ways customers can pay for your product |
| goods | tangible products you can touch |
| idea | a thought or purpose |
| industrial product | a product sold to a business |
| marketing | set of processes used to deliver value to customers |
| marketing concept | philosophy based on the belief that business activities should be used to satisfy customers |
| mim | marketing function that involves gathering and evaluating info to help decisions |
| nondurable | consumer or used up in 1 setting |
| pricing | value to a customer |
| product | products to offer |
| promotion | used to inform |
| selling | using communication to influence |
| services | intangible |
| swot | study of organizations strengths |