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