Why is promotion important?

To get customers to know about your products

What are two of the seven marketing core functions?

channel management and marketing planning

Effective communication between a company and its customers helps to keep...?

Customers satisfied and increase profit

What does CRM stand for as defined by DECA?

Customer Relationship Management

By using CRM, companies are better to understand customers' what?

Purchasing patterns and demographics

What is market planning?

Understanding concepts for your target audience

What is the marketing concept?

the business's strive to satisfy customers needs and wants, generating a profit for the business

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Marketing and the Marketing Concept

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A #rad introduction to #DECA Chapter 1.1

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Questions 10

Answers

1
Why is promotion important?
Paying your valuable employees more money
To get customers to know about your products
To change the product in response to the market
Gives customers the products and services they want
2
Is it important that a company can post using social networking to promote new products?
Possibly?
ABSOLUTELY NOT!
No
Yes
3
What is channel management?
getting goods from producers
getting goods to a customer
getting goods to family members
4
What are two of the seven marketing core functions?
channel management and marketing planning
buying and managing goods
marketing and growth economics
product leadership and environmental goods
5
Effective communication between a company and its customers helps to keep...?
Voices working
Customers satisfied and increase profit
Customers happy
Updated machinery
6
What does CRM stand for as defined by DECA?
Customer Relationship Management
Concept of Relative Money
Call Ricky Moss
Cost Ratio Management
7
By using CRM, companies are better to understand customers' what?
Doggies
Buying and selling trends
Favorite restaurant
Purchasing patterns and demographics
8
Intangible items that have monetary value and satisfy your needs and wants are
customers
goods
services
products
9
What is market planning?
Understanding the cost of your product
How much to charge to make a product
Planning for the world market
Understanding concepts for your target audience
10
What is the marketing concept?
the business's strive to satisfy customers needs and wants
generating a profit for the business
customers get exactly what they want no matter the price
services to create exchanges that satisfy customers

Marketing and the Marketing Concept Flashcards | StudBud