Effective communication between a company and its customers helps to keep...?

Customers satisfied and increase profit

What are two of the seven marketing core functions?

channel management and marketing planning

Why is promotion important?

To get customers to know about your products

What does CRM stand for as defined by DECA?

Customer Relationship Management

What is market planning?

Understanding concepts for your target audience

What is the marketing concept?

the business's strive to satisfy customers needs and wants, generating a profit for the business

By using CRM, companies are better to understand customers' what?

Purchasing patterns and demographics

studbud

Marketing and the Marketing Concept

10 termsStudBud Administration93 plays

A #rad introduction to #DECA Chapter 1.1

Flashcards10 cardsFPractice quizPHost liveL

Questions 10

Answers

1
Effective communication between a company and its customers helps to keep...?
Customers satisfied and increase profit
Customers happy
Voices working
Updated machinery
2
What are two of the seven marketing core functions?
marketing and growth economics
channel management and marketing planning
product leadership and environmental goods
buying and managing goods
3
Why is promotion important?
Paying your valuable employees more money
Gives customers the products and services they want
To get customers to know about your products
To change the product in response to the market
4
Intangible items that have monetary value and satisfy your needs and wants are
customers
goods
services
products
5
What is channel management?
getting goods from producers
getting goods to a customer
getting goods to family members
6
Is it important that a company can post using social networking to promote new products?
Yes
ABSOLUTELY NOT!
Possibly?
No
7
What does CRM stand for as defined by DECA?
Cost Ratio Management
Call Ricky Moss
Concept of Relative Money
Customer Relationship Management
8
What is market planning?
How much to charge to make a product
Understanding concepts for your target audience
Understanding the cost of your product
Planning for the world market
9
What is the marketing concept?
the business's strive to satisfy customers needs and wants
generating a profit for the business
services to create exchanges that satisfy customers
customers get exactly what they want no matter the price
10
By using CRM, companies are better to understand customers' what?
Purchasing patterns and demographics
Doggies
Favorite restaurant
Buying and selling trends

Marketing and the Marketing Concept Flashcards | StudBud