7 Functions of maketing
Marketing 4 P's
Marketing segmentation
Financial Knowledge
Economic Utilities
100
Describes all aspects that are related to a part of marketing.
What does 7 Functions do
100
Satisfying customers needs and wants making a profit
What is marketing concept?
100
Demographics Geographics Phychographics Behavior Factors
Name all the marketing segments
100
in creating a business gaining assets developing products running market surveys advertising
When is finance needed
100
Adds value to a product
What does Utility do to a product
200
Distribution, financing, Marketing information management, pricing, product/ service management, promotion, selling
7 Functions of marking are
200
Product place price promotion
List the marketing mix (4p's)
200
Benefits desired by costumers behavior Shopping patterns
Behavior factors is
200
Revenue is the total amount of money a business earns and Profit is the total amount minus total expenses
What is the difference between Profit and Revenue
200
is the attributes of a product or service that make it capable of satisfying consumers wants and needs
What is Economic Utility
300
Are the main methods of distribution
Truck, Rail, and ship are
300
Examples of Price
Pricing methods and pricing strategies are
300
Demographics
Marital status is an example of
300
Advertising
What is the best way to tell your customers about your product?
300
Having a product where customers can buy it
What is Place Utility
400
Advertising Personal selling Public relations Direct marking Sales promotion
Promotional mix is
400
Product
What to make or sell when to make or sell how much to make or sell level of quality Packaging brand label is
400
Lifestyles Attitudes Values Opinions Activities Interests
Name at least two Psychographics examples
400
Write a business plan Get a business assistant choose a location
Name the fist 3 steps in creating a business
400
in making a bike- Chain, wheels, handbars, gears
What is an example of form utility
500
Pricing and the goal of pricing is
How much to charge for goods and services Goal is to make a profit
500
How the product is promoted Advertising Sales promotion public reactions personal selling visual merchandising
Describe what promotion is and examples of promotion
500
ex) 76 million "Baby Boomers" Born 1946-1964 51% of wealth
Make an example of Demographics
500
Debt is borrowing money that must be payed back in time, usually with interest Short term- within a year Long term- within a period over a year
Explain the meaning of debt and how long short and long term depts repayments are
500
Possession Utility is the exchange of product for some monetary value Examples are cash, credit/debit cards, check
What is Possession Utility and examples of this
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