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15th Stack

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Term
Definition
Advertising   Any paid form of nonpersonal presentation of ideas, images, goods, or services.  
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Banner advertisements   Promotional messages appearing on the internet, usually at the top of web sites.  
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Bus/Car wrap   A form of out-of-home advertising; involves partially or completely covering a vehicle with an advertisement, turning the bus or car into a mobile billboard.  
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Channels of distribtution   Paths, or routes, that goods or services take from the producer to the ultimate consumer or industrial user.  
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Convenience products   Goods and services purchased quickly and without much thought or effort.  
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Dealer incentive   A limited-time discount offered by a manufacturer to its intermediaries to prompt them to purchase and/or further promote the manufacture's products to customers.  
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Declining stage   The product life cycle stage in which sales and profits fall rapidly.  
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Direct mail   Promotional medium that comes to customers' homes and businesses in the form of letters, catalogs, postcards, faxes, folders, and e-mails.  
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Growth stage   The product life cycle stage in which sales rise rapidly.  
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Intermediaries   Channel members operating between the producer and the consumer or industrial user to help in the movement of goods and services.  
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Introductory stage   The product life cycle stage when the product first appears in the marketplace.  
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Maturity stage   The product life cycle stage in which sales peak and then increase at a slower rate or start to decline.  
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Media   The message channels used by a seller to promote a good, service, or idea, e.g., radio, television, newspapers, magazines, internet.  
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Merchandising allowance   A price reduction offered to intermediaries; often used to entice intermediaries to purchase a particular product or to reimburse intermediaries for their marketing costs.  
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Paid listings   Online advertisements that appear near the top of search engine results; may appear to the right of regular listings; often referred to as "sponsored" or "featured" resu;ts.  
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Pay-per-click link   An online advertisement placed by advertisers who pay their web host a fixed amount each time someone clicks on the ad.  
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Personal selling   The form of promotion that determines client needs and wants and responds through planned, personalized communication that influences purchase decisions and enhances future business opportunities.  
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Product life cycle   The stages through which goods and services move from the time they are introduced on the market until they are taken off the market.  
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Product placement   A type of "other" media that uses products as props in movies, television shows, and computer games.  
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Promotion   A marketing function needed to communicate information about goods, services, images, and/or ideas to achieve a desired outcome.  
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Promotional mix   A combination, or blend, of marketing communication channels that a business uses to send its messages to customers (i.e. advertising, sales promotion, personal selling, and publicity)  
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Publicity   Any nonpersonal presentation of ideas, goods, or services that is not paid for by the company or individual that benefits from or is harmed by it.  
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Pull strategy   A promotional strategy that involves a producer promoting its products directly to the ultimate consumer or industrial user.  
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Push strategy   A promotional strategy that involves a producer promoting its products to intermediaries.  
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Sales promotion   Promotional activities other than advertising, personal selling, and publicity that stimulate customer purchases.  
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Search engine listing   An online advertisement appearing in a list of web sites generated by a search engine in response to a key word or words.  
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Shopping products   Goods and services purchased after the customers compare goods and stores in order to get the best quality, price, and/.or service.  
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Specialty products   Goods and services with special or unique characteristics that customers are willing to exert special efforts to obtain.  
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Target market   The particular group of customers a business seeks to attract.  
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Ultimate consumers   People who personally use a good or service to satisfy their own needs.  
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Advertisement   Any paid form of nonpersonal presentation of ideas, images, goods or services.  
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Competitor   A rival business that seeks to attract the same scarce customer dollars.  
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Customers   The people who buy goods and services.  
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Goods   Tangible objects that can be manufactured or produced for resale.  
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Image   The way something is viewed.  
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Intermediaries   Channel members operating between the producer and the consumer or industrial user to help in the movement of goods and services.  
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Marketing mix   The combination of the four elements of marketing - product, place, promotion and price.  
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Position   Image or impression of a business or organization that consumers have in their minds.  
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Product   A good, service, or idea a business offers its customers.  
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Promotion   A marketing function needed to communicate information about goods, services, images, and/or ideas to achieve a desired outcome.  
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Service(s)   Intangible activities that are performed by other people for money.  
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Target market   The particular group of customers a business seeks to attract.  
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Institutional promtion   A type of promotion that aims to create a certain image in the eyes of customers.  
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Patronage promotion   A type of institutional promotion designed to promote a firm's features or prestige.  
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Primary product promotion   A type of product promotion intended to stimulate demand for an entire class of goods or services.  
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Product promotion   A type of promotion that aims to persuade customers to buy a good or service.  
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Promotion   A marketing function needed to communicate information about goods, services, images, and/or ideas to achieve a desired outcome.  
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Public-relations promotion   A type of institutional promotion created to deal with controversial public issues that are related to a company or its products.  
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Public-service promotion   A type of institutional promotion that informs customers about noncontroversial issues that are in the public's interest.  
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Secondary product promotion   A kind of product promotion intended to stimulate demand for a particular brand of product.  
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