foundation and functions
market
foundations
marketing mix
100
True or False: The seven functions and four foundations are essential components in for a successful business.
True
100
what is marketing
What is The process of developing, promoting, and distributing products to satisfy customers’ needs and wants.
100
True or False: Business/Management/Entrepreneurship is one of the foundations of marketing.
True
100
there are how many p's in marketing mix
4
200
True or False Selling is communicating with potential customers to inform/persuade them about a business products/services.
False, selling is used to determine the clients needs and wants and to provide them with the goods and services they want.
200
what is marketing used for?
What is it Helps connect businesses to their costumers Goods are created and sent to the marketplace where they are made available to the public.
200
True or False Understanding the basics of business, management and the concepts of entrepreneurship affect the decision making of a business.
True
200
identify and explain the four P's of marketing
Product- what is it that you are selling price- what are you selling it for place- where are selling the product promotion- how will you get the word out
300
What is the difference between financing and pricing
Financing is getting necessary money for the business and pricing is how much to charge for goods and services for maximum profit
300
what marketing examples are used daily give at least 3 examples
What is Breakfast you eat, shampoo, soap, toothpaste
300
Understanding the economic principles and concepts that are essential to marketing is which one of the foundations of market?
What is Economics
300
true or false having all p's will amount to a successful business
false
400
How can the function financing associate with the foundation economics?
Financing is deciding what payment options you can offer to customers and it associates with economics because it’s a basic concept to marketing and financing deals with money, and parts of what makes up economics is money
400
Name three parts of marketing?
What is Product planning  packaging  Advertising  Displays and promotional Techniques  Personal Selling  Selling and Distribution  Marketing research
400
What is Professional Development?
Understanding the concepts and strategies needed for career searching, development, and growth of one’s self.
400
True or False Word of mouth is a way of promoting your product
What is true
500
How can the function promotion associate with the foundation communication/interpersonal skills?
You must have great communication skills in order to promote a product, and to promote you must communicate in some way to potential customers to inform them of your product/service.
500
Define exchange
What is Takes place every time something is sold in the marketplace
500
Why are communication/interpersonal skills an essential foundation of the marketing environment, and how does it tie with the other marketing foundation Professional Development?
Communication skills/interpersonal skills are essential because in the market area, one must learn to interact effectively with others and with good communication skills, one’s professional development increases because you’re growing in your professional level.
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