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Marketing Concepts
Ch 13 Notes
Question | Answer |
---|---|
What is a basic of marketing? | Market |
What is a basic of marketing? | Marketing |
What is a basic of marketing? | Marketing Concept |
What is a basic of marketing? | Target market |
What is a function of marketing? | Distribution |
What is a function of marketing? | Financing |
What is a function of marketing? | Marketing Information Management |
What is a function of marketing? | Pricing |
What is a function of marketing? | Product/Service Management |
What is a function of marketing? | Promotion |
What is a function of marketing? | Selling |
Is Product part of the Marketing Mix? | yes |
Is Place part of the Marketing Mix? | yes |
Is Price part of the Marketing Mix? | yes |
Is Promotion part of the Marketing Mix? | yes |
What is step 1 of 7 of the Product Development cycle? | Generating Ideas |
What is step 2 of 7 of the Product Development cycle? | Screening Ideas |
What is step 3 of 7 of the Product Development cycle? | Developing a Business Proposal |
What is step 4 of 7 of the Product Development cycle? | Developing the Product |
What is step 5 of 7 of the Product Development cycle? | Test Marketing the Product |
What is step 6 of 7 of the Product Development cycle? | Introducing the Product |
What is step 7 of 7 of the Product Development cycle? | Evaluating Customer Acceptance |
Channels of distribution are classified in which two ways? | Direct, Indirect |
What are the 3 types of Intermediaries? | Distributor, Wholesaler, Retailer |
What does Indirect Distribution include, the Direct Distribution does not? | Intermediaries |
How does distribution affect the prices of products? | Can increase the price of a product if wholesalers, retailers or distributors are used. |
What is the purpose of marketing research? | Study consumers who purchase goods and services. |