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