Marketing I - 1.0 Vocab Words #1-11

Question 1

The study of operating & managing a business and all the skills and concepts required to do so

Accepted Answer

Business, Management & Entrepreneurship

Question 2

Establishing/communicating values of products/services topotential consumers & determine profit

Accepted Answer

Pricing

Question 3

Process of developing, improving & maintaining products of a business to meet consumer demand

Accepted Answer

Product/Service Management

Question 4

Process of gathering, sorting &analyzing marketing information for businesses to make decisions

Accepted Answer

Marketing Information Management

Question 5

These skills are developed and reflected by how people interact with oneanother.

Accepted Answer

Communication/Interpersonal Skills

Question 6

The process businesses utilize to achieve their goals

Accepted Answer

Market Planning

Question 7

Philosophy that drives the decision making process of a business.

Accepted Answer

Business, Management & Entrepreneurship

Question 8

All the activities required to bring products/services fromthe manufacturer to the consumer

Accepted Answer

Marketing

Question 9

The study of allocating resources to maximize their uses

Accepted Answer

Marketing Information Management

Question 10

Informing, persuading, or reminding potential consumers about abusiness’s products/services

Accepted Answer

Promotion

Question 11

The ongoing growth within a chosen career path

Accepted Answer

Professional Development

Questions 11