This physical part of a computer system includes items like keyboards, CPUS, and monitors.
What is hardware?
The specific group of customers most likely to buy a product.
What is a target market?
Raw materials supplied by nature are called this type of product.
What are natural resources?
Businesses that obtain natural resources from the earth.
What are extractors?
Logistics process where goods arrive when needed for production.
What is just-in-time?
This is the world's largest computer network connecting billions of devices.
What is the internet?
This marketing "P" refers to where and how a product is sold.
What is place?
Products like crops and livestock raised by farmers fall into this category.
What are agricultural products?
Businesses that grow crops or raise animals.
What are farmers?
Research done without a specific product in mind.
What is pure research?
A network that covers a small geographic area like a school or office building.
What is a LAN?
Marketing where brands support social or environmental causes.
What is cause-related marketing?
This production process creates large numbers of identical products efficiently.
What is mass production?
Businesses that develop products to sell to other businesses or consumers.
What are producers?
All of the businesses involved in the movement and production of products.
What is supply chain?
A secure connection that allows employees to access company networks remotely while hiding their IP address.
What is a VPN?
This marketing spreads through shares, memes, or challenges online.
What is viral marketing?
When a product is built specifically for an individual customer.
What is custom manufacturing?
Businesses that obtain materials from other products and convert them into products for sale.
What are manufacturers?
Marketing that focuses on creating experiences for customers.
What is experiential marketing?
Technology that uses radio waves and tags to track inventory in warehouses.
What is RFID?
These 4 elements make up the marketing mix.
What are the 4 P's? (Product, Price, Place, Promotion)
What is extraction and cultivation?
Procedure using short production runs to produce a precise amount of a variation of a product.
What is intermittent processing?
What is processing?