Vocabulary
What is the definition of marketing?
Creating a product and using a platform to sell/showcase that product
Explain the marketing concept.
Name one example of a marketing strategy.
Social Meida Marketing
What is a target market?
Group of people that a company of a product wants to sell to
What are the benefits of marketing?
What is a promotional strategy?
Encouraging people to buy from a brand
What does the term 'brand' mean?
A name of a company that people think of when they see certain products
Why is market planning important?
To make a plan on how to sell, who to sell to, and when to sell a product
Give an example of a pricing strategy.
Define 'advertising.'
When a company uses a platform to showcase a product that makes people want to by it. (Posters, videos, commercials, etc.)
What is the purpose of a marketing plan?
It is a roadmap to create a successful business
What is a distribution strategy?
Getting product to customer: shipping, online sales, etc.
What is market research?
When a company studies people to hear what they like or need before selling a product
Describe how marketing can impact a business.
It can build trust between customer and the brand and spreads the word abut the business
Analyze a marketing strategy used by a popular brand.
Answers may vary