vocab
what is accounting
The action or process of keeping financial accounts.
what is management
The process of dealing with or controlling things or people.
what is operations
The ongoing activities designed to support the primary function of a business and keep it operating efficiently.
what does marketing do
helps businesses grow
most popular phone brand
🍎
what is a consumer
Individuals who purchase products and services to satisfy needs.
what is finance
The management of large amounts of money, especially by governments or large companies.
what is the definition of price
The amount a customer pays and the methods of increasing the value of the products to the customers.
how many adds does one person see in a day
4k to 10k
whats the newest iphone
iphone 15
what is distribution
The action or process of supplying goods to stores and other businesses that sell to consumers.
what is a market
A unique group of prospective customers a business wants to serve and their locations.
what is a product
Anything offered to a market by the business to satisfy customer needs, including physical products, services, and ideas.
what company made the most successful advertisements
Apple
who made the first phone
Antonio meucci
what is advertising
The activity or profession of producing advertisements for commercial products or services.
what is marketing
The action or business of promoting and selling products or services, including market research and advertising.
what is a promotion
The methods used and information communicated to encourage customers to purchase and to increase their satisfaction.
what percent of people see an advertisement per day
99.9%
most marketed product
clothing
what is ethics
Moral rules or principles of behavior that should guide members of a profession or organization and make them deal honestly and fairly with each other and with their customer.
what is marketing concepts
Using the needs of customers as the primary focus during the planning, production, pricing, distribution, and promotion of a product or service.
what is marketing mix
The combination of marketing actions often referred to as product, price, place, and promotion: selling the right product, through appropriate distribution channels, at the right price in relation to other products and for the profitability of the company, with the correct support in terms of advertising, sales force etc.
how likely is blogs to influence a purchase
get within 5% you get the points
63%
what is the patriots worth
6.4 bill