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Marketing Vocabulary Flashcards | StudBud
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Marketing Vocabulary
Marketing Vocabulary
18 terms
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StudBud Administration
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Let's learn what #marketing is all about. Ready to test your knowledge of #MarketingTerms? Let's go!
Flashcards
18 cards
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Questions
18
Answers
1
Getting money necessary to pay for setting up and running a business
Banking
Pricing
Distribution
Financing
2
To inform, persuade or remind potential customers about a business's products and services
Place
Price
Product
Promotion
3
The company with the best marketing is ...
Jimmy Johns
Nike
McDonalds
Apple
4
Understanding the economic principle and concept that are basic to marketing
Business Management & Entrepreneurship
Economics
Professional Development
Communication & Interpersonal Skills
5
Understanding concepts and strategies needed for career exploration development and growth
Communication & Interpersonal Skills
Economics
Business Management & Entrepreneurship
Professional Development
6
Getting good info about customer's trends and competing products (gathering, analyzing etc.)
Demographics
Marketing Info. Management
Competitive Info
Customer Info
7
How to get goods to customers
Pricing
Financing
Distribution
Manufacturing
8
Distribution, Financing, Pricing, Mktg Info Mgmt, Product/Service Mgmt, Promotion, Selling
7 ways to make money
7 functions of management
7 functions of marketing
7 functions of running a business
9
Obtaining, developing, maintaining and improving products in response to market opportunities
Product changes
Product Service Management
Product Marketing Management
Product development
10
1) Bus Mgmt/Entrepreneurship 2) Communicate/Interpersonal skills, 3) Econ 4) Prof development
4 P's of Marketing
4 Marketing courses
4 Skills Marketeers must have
4 Foundations of Marketing
11
All people who share similar needs and wants and have the ability to purchase a given product
Students
Target Martket
Suppliers
Customers
12
Intangible items that have monetary value and satisfy your needs and wants
Goods
Products
Services
Ideas
13
Provides customers with the goods and services they want
Promotion
Selling
Buying
Advertising
14
Understanding concepts strategies and systems needed to interact effectively with others
Professional Development
Business Management & Entrepreneurship
Communication & Interpersonal Skills
Economics
15
Decisions that dictate how much to charge for goods and services in order to make a profit
Pricing
Promoting
Planning
Costing
16
Tangible items that have monetary value and satisfy your needs and wants
Ideas
Goods
Services
Products
17
Concepts that affect business decision making
Communication & Interpersonal Skills
Business Management & Entrepreneurship
Economics
Professional Development
18
4 Basic marketing strategies the 4 P's: Product, Place, Price, Promotion
Marketing Information Mangement
Advertising
Distribution
Marketing Mix
