Ch 1 Marketing is All Around Us

__________ includes Product, Price, Place, Promotion.

What does a miniature golf business provide to its customers?

_______ involves deciding how goods get into customers hands.

Selling exercise equipment through catalogs mailed to athletes is an example of place utility.

Ty asked his mom to buyhim Coco Puffs after watching a commercial To what group does he belong?

_______ are tangible items.

Which of the following utilities involves making products?

When a product’s demand andproduction increase, ____________________ usually decreases.

__________ is the % of total sales generated by competing companies.

Informing, persuading, or reminding potential customers about agood or service is called ____.

A market includes people who share similar needs and wants and can purchase a companys products

The "buy one get onefree" strategy is an example of distribution.

_________ is the added value of a product in economic terms.

Which economic utility increased when fast-food restaurants began accepting credit cards?

Time utility involves having a product available at a certain time of year or day.