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MarketingVocats2.01
| Question | Answer |
|---|---|
| Developing, promoting, pricing, selling, and distributing products | Marketing |
| The group of consumers a business desires to have as customers | Target Market |
| A business approach that directs all marketing efforts towards satisfying customer’s wants and needs | Marketing Concept |
| Strengths, Weaknesses, Opportunities, Threats | SWOT Analysis |
| Not a necessity, a desire | Wants |
| A necessity for living | Needs |
| The person who uses the product | Consumer |
| The person who purchases the product | Customer |
| Tangible items that satisfy customer’s needs and wants | Goods |
| Intangible items that satisfy customer’s needs and wants | Services |
| New and Improved Products as well as Lower Prices | Benefits of Marketing |
| Opportunities and Threats | External Factors |