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Marketing 1.1 m

TermDefinition
Marketing help customers understand why they would want or need to purchase your product
Goods physical items that you buy - you can touch them
Service an action that a person does for you that you pay for
focus of marketing customer
Marketing Mix Product, Price, Place, Promotion
Product what you are selling
Price the amount the customer pays
Place Where and how the products get to the customers
Promotion makes customers aware of your product
Discretionary income amount of money left after paying your bills. (fun money)
distribution transporting or delivering goods to customers
Demand when customers want or need your product
competition businesses that sell similar items
profit making money after you pay your expenses
needs essential things
wants things you would like to have but aren't necessary
a computer is an example of a _______ good
taking an Uber is an example of a: service
Created by: Nancyp28
 

 



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