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Marketing Vocab Word Scramble

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Created by: FredYugi

Popular Marketing sets

Marketing mix and Marketing environment

Marketing planning process

Marketing Foundations

Growth strategy

Customer relationship management

Segmentation Targeting Positioning

Negotiation

Marketing Research

Consumer decision making process

Social media

Personal selling

CRM

Word	Definition
Cost	What it costs your store to purchase a product form a supplier.
Margin	The difference between your price and the cost for a particular product.
Revenue	The total sales (in dollars) of your store over a period of time.
Profit	The revenue of your store mubys all expenses over some period of time.
Cost-Oriented Pricing	Setting prices based on cost. Usually price are set as a multiple of cost, such as 1.2 times the cost.
Demand-Oriented Pricing	Setting prices based on what the customer is willing to pay.
Competition-Oriented Pricing	Setting prices based om competitor's prices. Setting Prices lower than a competitor will generally draw more customers to your store.