Vocabulary
The edge achieved by businesses that offer something better than their competitors.
What is COMPETITIVE ADVANTAGE
Economical; good value in relation to the price, or cost.
What is COST-EFFECTIVE
Changing advertising strategies.
What are Promotional strategies
Planning a direct-mail campaign to increase store traffic.
What are Promotional strategies
This school district is investigating a teacher over an Elon Musk tweet.
What is Providence Public Schools
Facts and figures.
What is DATA
Analyzing collected facts and figures and putting them into formats useful to a business.
What is DATA PROCESSING
Preventing potential failure of a new product.
What is Risk reduction
Maintaining product lines comparable to those of competitors.
What is Competition
This is the theme for Tuesday's spirit week.
What is Tropical Tuesday
Facts and figures available in locations outside a company.
What is EXTERNAL DATA
Data presented in a useful form.
What is INFORMATION
Controlling business costs.
What is Profitability
Identifying products to eliminate based on net income.
What is Profitability
This is the theme for Wednesday's spirit day.
What are Dress Like Twins
Facts and figures located inside a company.
What is INTERNAL DATA
An organization’s portion of total industry sales in a specific market.
What is MARKET SHARE
Developing the marketing budget.
What are Sales forecasts
Keeping prices in line with those of others.
What is Competition
What is the theme for Thursday's spirit day.
What are Decades Day
An organized way of continuously gathering, sorting, analyzing, evaluating, and distributing marketing information.
MARKETING-INFORMATION MANAGEMENT SYSTEM (MKIS)
The systematic gathering, recording, and analyzing of data about a specific issue, situation, or concern.
What is MARKETING RESEARCH
Exploring ideas for new goods/services.
What are Market opportunities
Increasing production based on changing market trends.
What are Market opportunities
What former President spoke at Brown University this week.
Who is Bill Clinton