Purchasing
What is Purchasing
Obtaining products for use in business for resale
What is Marketing
Making or producing the correct good or service
What does Purchasing mean
Obtaining products for use in business for resale
What is securing funds
Finding and accessing financial resources to cover marketing expenses
What is a Utility
Utility is the usefulness of a product
What is the purchasing process of marketing
The steps a consumer takes in making a purchasing decision
What is Marketing used for
to add value to consumers everyday life.
What does Pricing mean
An exchange price at which the buyer and seller perceive value for a product
What is Managing cash flow
Allowing them to invest in marketing without straining their day to day operations
What is Form Utility
Making or producing things
What are some different types of purchasing
Direct, indirect, service
Name 5 utilities
Form, Time, Place, Info, Possesion
What is Product planning
Creating a product because of opportunities the market
What is a marketing strategy
Alingning your finances with your overall marketing goals
What is Place utility
The products usefulness is increased because of its location
What is a purchasing strategy
Defines how your company buys something
What is a Good
Material items you can touch
What is Marketing Info Managment
Recording information so that data is present to make marketing decisions
Name an example of Fianances
buissness credit cards, small business loans from credit unions, banks, or online leaders
What is Time Utility
Making a product available at the right time
What is the Key role of purchassing
Seek and purchase products at the best possible price and value
What is a service
A series of task preformed for a customer
What is Promotion
Information about products portrayed to an audience to influence their purchase
What is the main purpose of fianancing
allows corporations and consumers to access capital for businesses operations
What is Possesion utility
The ability to aid customers in owning goods