What is a Target Market?
A group of people identified that are most likely to become customers
What is a good? Provide 2 examples
A tangible (physical) object. Pen/Pencil
True or false. Promotion is one of the 4 P's of marketing
True
True or False. Marketing is solely advertising
false
What are the 4 P's of Marketing
Product, Price, Place, Promotion
True of False. Companies release products at random and do not target a specific audience
False
What is a service? Provide 2 examples
True or false. Coupons are a form of promotion
True
trends/technology
Describe Product as it relates to the Marketing Mix
Give me an example of a characteristic that makes up a target market
age
If Apple sells 750 million products annually while Android sells 650 million, who controls more of the market?
Apple
False
Marketing is about satisfying needs and bringing what to your customers
value
What do Company's do before deciding on a price?
Compare with their competitors
Give 5 characteristics that could make up a target market
Age, gender, religion, marital status, occupation
Definition of consumer market
Buying products for personal use
What would be the best way to promote to students at ravenwood?
School announcements, flyers, social media
What example of customer service/personal experience did I give in class that relates to my family
Applebees
Give an example of two places I talked about in class that a company could sell their products.
Online, Brick and Mortar
Describe the Target Market of RHS students
Students who are male and female ages 14-19. These students come from different backgrounds, ethnicities, and religious beliefs but are all seeking a better education.
Definition of Utility
An added value in economic terms; an attribute of goods or services that makes them capable of satisfying consumers’ wants and needs
Name 5 forms of promotion
Tv ad, newspaper ad, twitter, instagram, snapchat, flyers, radio
FINAL JEAOPARDY
The exchange of a product for money is what type of utility?
Possession Utility
What are the 4 P's of Marketing also known as?
The Marketing Mix