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marketing concepts
| Term | Definition |
|---|---|
| marketing | process of creating, delivering or communicating |
| marketing mix | the four p's, price, promotion, product, and place |
| functions of marketing | 7 basic functions ( distribution, financing, marketing, information management, pricing,product/service management, promotion, and selling) |
| situation analysis | study of past and present data to help better the performance. |
| marketing concept | the idea to satisfy a customers needs |
| customer | a purchaser of products |
| target market | part of the pop. where businesses focus on |
| market segmentation | subdividing a market into distinct subsets of customers |
| demographic | study of human characteristics |
| geographic | market segmentation based on where you live |
| psychographic | dividing markets based on social aspects |