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