Not For Profit
Human wants that are backed by buying power
Demand
Walmart offers the same goods as Target but at lower prices. This is an example of ________ competition
Price Competition
Packaging, image, level of quality
Product
Product features should have ______ to their customers
Benefits
What sport did Mr. Cruz play in college
Baseball
Consumer generated
The set of all actual and potential buyers and sellers of a product or service
Market
Pac Sun offers high-quality brand name items that the big discount firms do not carry. This is an example of _______ competition.
Non-Price Competition
Discounts, credit
Price
This type of product is bought without much research, usually cheap and rapidly consumed
Convenience product
LHS Drama department's spring musical last year was
Freaky Friday the Musical
Sustainable
The mistake of paying more attention to the specific products a company offers than to the benefits and experiences produced by these products
Marketing Myopia
Name 3 benefits of marketing
Lower prices
New and improved products
Value
Storage, distribution, inventory control
Place
Evaluating the Market segments and selecting a specific audience to serve
Target Market
This teacher has taught at Liberty the longest
Mr. Durkin
Social
The set of benefits it promises to deliver to the customer to satisfy their needs
Value proposition
Enables businesses to protect their inventions, writing, music, logos etc..
Intellectual property
Personal selling, advertising
Promotion
Production concept
The overall theme for homecoming this year in
Movies
Fan made Tesla commercial
Consumer generated
What are the four characteristics of a Free Enterprise System
Competition
Freedom of Ownership
Profit
Risk
Name the correct utilities:
Selling boogie boards at the beach
Using sand to make glass
Allowing customers to charge their purchase with a credit card
Providing cooking instructions on the package
Offering overnight delivery of candy on Feb 13
Place
Form
Possession
Information
Time
The core of the marketing concept is
customer satisfaction/value
The US Postal service wants to promote its Priority Mail Service. Which type of marketing is this?
Not for profit
Besides Mrs. Schreiner, name two new teachers to LHS this year
Ms. Henderson
Ms. Cramer
Ms. Usilton
Mr. Zaccagnini
Ms. Wunder