Marketing Concepts Review

Possession utility is simply the exchange of a

An intangible item that has monetary value and satisfies your needs and wants is a

Having a product or service available ONLY at Christmas would be an example of this type of

The means of getting a product into a consumers hands is this part of the marketing mix

This refers to activities related to advertising, personal selling, sales promotion & publicity

This is what is exchanged for the product

What is the purpose of a customer profile?

This tasty snack is most often purchased by

All seven of the core marketing functions focus on

The attitude of the person who may own this car may be

What type of person may order this cake

Ziploc and Glad are brand names of this generic product

The seven core functions of marketing define _____ aspects of marketing.

The income level of the person who many own this home may be

This fluffy white topping commonly known as whipped topping is most widely known

All businesses that buy products for use in their operations are part of the

TV ads, newspapers, internet ads, and coupons are all examples of

Classifying customers by characteristics is called

A percentage of total sales volume generated by all companies that compete in a given market is

The market that consists of those who purchase goods and services for personal use is known as

Marketing is an activity and process involving many parts that provide

The average income of a person who owns this home may be

Skittles

A target market is a group that is

Kleenex and Puffs are brand names for this generic product

M&M's are the brand favorite for this generic product

The five forms of utility are:

Two benefits of marketing are

Age, gender, income level, and behavior are just a few components of a

Product, place, price and promotion make up the

Due to the colors and design of this toy, who might it be PURCHASED for?

To inform, persuade, or remind current and potential customers about a product or service

M&M's melt in your mouth

Attributes of goods and services that make them capable of satisfying wants and needs are known

A zipper may be more useful if added to fabric and make into a jacket this represents

Deciding how to get goods directly into the customers hands

The impact of marketing affects the economy and

Provides customers with goods and services they want

Choosing what to make or sell is this part of the marketing mix

What are goods?

The idea that a business should strive to satisfy consumers is the

A website with data or research about safety recalls would be an example of