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