Product
What is the definition of a product?
What is something a business sells to satisfy a need or want?
What do you call the amount of money someone must pay to buy a product?
What is price?
What does "place" refer to in the marketing mix?
What is where and how a product is sold to customers?
What is promotion in marketing?
What is a way a company makes customers aware of their products or services.
What is a target market?
What is the group of customers a business aims to sell to?
What is the difference between a product and a service?
What is a good is a tangible item, while a service is an intangible action?
What happens if a company sets its price too high?
What is customers may not buy it?
What are examples of places where products can be sold?
What are online stores, physical stores, or kiosks?
Name a way businesses can promote their products online.
What is through social media advertising?
Why is it important for businesses to know their target market?
What is to create products and marketing messages that appeal to them?
True or False. A Celebrity can be marketed like a product or service?
True
What strategy is used when a product is priced at $9.99 instead of $10? Psychological Pricing or Smart Pricing?
What is psychological pricing?
What is a benefit of selling products online?
What is the ability to reach more customers globally?
What is it called when businesses sponsor events or give away samples?
What is a promotion?
What is the term for dividing a large market into smaller groups with similar characteristics?
What is market segmentation?
What type product does Micheal Jordan Promotes?
Shoes?
Why might a business offer a discount or sale?
What is to increase sales or attract new customers?
Getting a product from the manufactuer/warehouse to the customer is called distribution or transporation?
What is Distribution.
How do celebrity endorsements help promote products?
What is they increase credibility and attract fans of the celebrity?
What is the difference between a customer and a consumer?
What is a customer buys the product, and a consumer uses the product?
What is another name for the marketing mix?
The 4 Ps
What pricing strategy involves setting a high price to give a product a premium image? Is it Premium Pricing or Generic Pricing?
What is premium pricing?
Why do companies sell products in multiple places (both online and in stores)?
What is to increase visibility and sales?
What is a "sales promotion"?
What is a short-term strategy to encourage immediate purchases, like discounts or special offers?
True or False. Market Research is a research method helps businesses understand the needs and wants of their target market?
True