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19th Stack

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Term
Definition
Advertisement   Any paid form of non-personal 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 god, 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; productive acts that satisfy economic wants.  
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Target Market   The particular group of customers a business seeks to attract.  
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Institutional Promotion   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.  
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Primary Product Promotion   Intended to stimulate demand for goods and services.  
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Product Promotion   Aims to persuade customers to buy.  
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Promotion   Used to communicate information about products.  
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Public-Relations Promotion   Used to deal with controversial public issues related to a company.  
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Public-Service Promotion   Informs customers about noncontroversial issues that are in a public's interest.  
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Secondary Product Promotion   Intends to stimulate demand for a particular brand or product.  
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Created by: ZLittle97
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