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Marketing Concepts

Ch 13 Notes

QuestionAnswer
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.
Created by: carlaj1s
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