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Marketing concepts
Marketing
Term | Definition |
---|---|
marketing | marketing is the process of creating and delivering to customers clients and partners |
marketing mix | mix of controllable variables that the firms uses to peruse the desired sales of the product market |
functions of marketing | 7 basic functions distribution, financing, marketing info management, pricing, product/service management, promotion and selling. |
situation analysis | the study of past and present data |
marketing concept | the idea that the customer must be satisfied to make a profit |
customer | the purchaser of the sells |
target market | particular segment of a population |
market segmentation | the process of subdividing a market |
demographic | a persons sex, size, age, etc. |
geographic | segmentation on where the population lives |
psychographic | dividing markets based on the consumers attitudes and behavior |