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Marketing Mix Review Flashcards | StudBud
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Marketing Mix Review
Marketing Mix Review
20 terms
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Essential terms for marketing concepts
Flashcards
20 cards
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Questions
20
Answers
1
A brand that is owned and initiated by a wholesaler or retailer.
Promotion Brand
Private Brand
Public Brand
Price Brand
2
Involves how you will deliver your goods and services to customers.
Place Strategy
Product Strategy
People Strategy
Price Strategy
3
Designed to tell potential customers about your products and their benefits and availability.
Price Strategy
Promotion Strategy
Product Strategy
Place Strategy
4
The name, symbol, or design used to identify a product.
Package
Brand
Mix
Label
5
A financial decision that ensures costs are covered and a profit is made.
Place Strategy
Price Strategy
People Strategy
Product Strategy
6
Limits the number of sales outlets in a given area.
Intensive Distribution
Exclusive Distribution
Indirect Distribution
Selective Distribution
7
Moves a product from producer to customer with no one in between.
Diversifier
Indirect Channel
Intermediaries
Direct Channel
8
Limits the number of outlets to one per area.
Exclusive Distribution
Indirect Distribution
Intensive Distribution
Selective Distribution
9
The part of the package used to present information.
Mix
Brand
Label
Package
10
Refers to how consumers see your product compared to the competition's product.
Product Strategy
Product Features
Market Research
Product Positioning
11
Deals with the goods or services your business will provide.
Product Strategy
Price Strategy
Place Strategy
People Strategy
12
An assurance of the quality of a product.
Promotion
Tactic
Target
Gurantee
13
A blueprint used by a business to guide its marketing activities to a desired conclusion.
Marketing Mix
Marketing Expansion
Marketing Concept
Marketing Plan
14
The five marketing strategies used to reach a market.
Marketing Expansion
Marketing Objectives
Marketing Positioning
Marketing Mix
15
The physical container or wrapper that holds the product.
Label
Package
Brand
Mix
16
This means assembling, preparing, and maintaining those who will help you achieve success.
Price Strategy
Product Strategy
Place Strategy
People Strategy
17
All of the products a company makes or sells.
Product Strategy
Product Positioning
Product Features
Product Mix
18
Goals a business wants to accomplish through its marketing efforts.
Marketing Mix
Marketing Expansion
Marketing Positioning
Marketing Objectives
19
The path a product takes from producer to customer.
Channel of Distribution
Intermediaries
Tactics
Diversification
20
Involves placement of a product in all suitable sales outlets.
Exclusive Distribution
Selective Distribution
Intensive Distribution
Indirect Distribution