Definitions (A)
What is Pricing?
Deciding how much to sell your product for based on your target market, funds, and goals
What is Business?
an economic activity that involves the exchange, purchase, sale or production of goods and services with a motive to earn profits and satisfy the needs of customers.
What is Distribution?
Getting your product out to stores, which ones, and how
What is Financing?
Getting funding for your business
What is Promotion?
Refers to any type of marketing communication used to inform target audiences of the relative merits of a product, service, brand or issue, persuasively.
What is Management?
Marketing management is the strategic organizational discipline that focuses on the practical application of marketing orientation, techniques and methods inside enterprises and organizations and on the management
What is Marketing Information Management?
the act of compiling, organizing, storing, analyzing, and reporting analytics based on marketing information and data.
What is Entrepreneurship?
when an individual who has an idea acts on that idea, usually to disrupt the current market with a new product or service- willing to take risks for long term success
What is Product Service Management?
A marketing function whose objective is to keep track of customer and market need fluctuations and inform product development
What is Economics?
Economics is a social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work.