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