Marketing
The primary goal of all businesses
What is to earn profit?
What is the Main Form of Advertising done in the U.S?
What is Online Advertising?
Rivalry among businesses.
What is competition?
Quantities of a particular good or service consumers are willing and able to buy
What is Demand?
What is the name of our retail shop?
What is, Sparky Shack?
A good or service with tangible and intangible characteristics that provides satisfaction and benefits.
What is a product?
The Happiest Place on Earth
What is Disneyland?
The five components of Nigel's Law
What is, Customer, Problem/Need, Solution, Feasibility, and competition?
Consumers buy more of a good when its price decreases and less when its price increases
What is the law of demand?
A place in space that gravity is so intense that no light nor radiation can escape from it
What is a Black Hole?
There are ___ principles of marketing
What is, 4?
What are the people called who promote businesses using signs on the corner of streets
What is a sign spinner?
The process of dealing with or controlling things or people
What is management?
A table that relates the quantity demanded of a particular good to its price
What is a demand schedule?
The name of the chess piece than can only move diagonally
What is the bishop?
The 4 P's of Marketing
What is Product, Price, Place, Promotion?
Who sells Sprite Cranberry, and why is it effective?
Who is Lebron James? It quenches thirst
This is a written description of a business venture that describes all aspects of the business
What is a business plan?
What is it called when Supply is equal to demand?
What is Equilibrium?
The only heavyweight boxing champion to finish his career of 49 fights without ever having been defeated
What is Rocky Marciano?
This is the meaning for STP
What is, Segmentation, Targeting, Positioning?
What 3 types of Ads are we going to be using in the Sparky Shack?
What is posters, In person sales and Online ads.
This establishes the scope and purpose of the company.
What is a vision statement?
What type of demand is based off of what the needs are for products/services?
What is Inelastic Demand?
The 7th planet from the sun
What is, Uranus?