click below
click below
Normal Size Small Size show me how
BBl10 Chapter 9 Test
Grade Nine Chapter Test
| Question | Answer |
|---|---|
| Marketing | All activities involved in getting goods & services to the consumer. |
| Product Life Cycle (Traditional Products) | 5 Stages: 1. Product Introduction 2. Growth 3. Maturity 4. Decline 5. Decision Point |
| Style Curve | illustrates product sales over time |
| Non-traditional products | have stages but differently |
| Niche | a small pocket or hole in the market that is the cause of few competitors |
| Niche marketers | |
| Knock offs (imitators) | usually enter market and those fads die quickly leaving large inventory -> sucess |
| Seasonal Products | only popular during season |
| Inventory Management | balancing product quantity with sales |
| Strategy | a plan for acheiving goals |
| Pull strategy | Businesses are going to increase consumer demand directly by advertising. When consumers want products, retailers will carry product as in the pull strategy. |
| How to use push & pull | Push can be used on its own/by itself. Pull cant be used on its own. |
| Push Strategy | Uses promotion to encourage channel partners to stock and promote the product to their customers. |
| Marketing Research | collecting and analysis of info for marketing |
| Types of Marketing Research | 1. Consumer Research 2. Market Research 3. Motivational Research 4. Pricing Research 5. Competitive Research 6. Product Research 7.Advertising Research |
| Advertising | paid for promotions, always good |
| Publicity | an unpaid media hype, can be good or bad |
| Purpose of Advertising | Introduction Stage, Growth, Maturity, Decline |
| Introduction Stage | lots of advertising (to create brand awareness) |
| Growth | increase advertising (ahead of competition) |
| Maturity | periodic advertising (as reminders) |
| Decline | increase advertising |
| Advertising Medium | 1. Direct to Home -> flyers2. Out of Home -> billboards, bus stops |
| Sales Promotions | any attempt to sell a product |
| Types of Sales Promotion | 1. Coupons2. Contests3. Premiums -giveaways4. Samples5. Special Events |