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Define SEO Marketing:
Search engine optimization refers to the results that a potential customer sees when they search for something online. It is important to optimize the search engine results page since this can lead to higher traffic to your company’s website.
Define International (Global) trade:
Goods and services being distributed between countries.
Define Price Floor:
A limit on how low a price can be charged for a product or service.
Define Comparative Advantage:
The ability of an economy to produce a given good or service in a more efficient and economically competitive manner than its peers.
Define Email Marketing:
Promotional emails dispatched to a designated audience containing a specialized message. These emails may encompass details about an upcoming sale, the launch of a new product, or alterations to a familiar product.
Define Value-added Resale:
This distribution channel may purchase a product and enhance its value before selling it to its intended audience.
Define Import:
A product or service purchased in one country that was manufactured or provided in another country.
Define Network Marketing:
Use of personal connections to generate sales. They may promote a product through their personal social media platforms to inform their family and friends about the product.
Define Export:
Goods and services that are manufactured or provided in one country and sold to purchasers in another country.
Define Digital Advertisements:
This communication medium encompasses a range of digital platforms that you can utilize to promote your products or services, including websites and social media platforms.
Define Marketing Channel:
The individuals, groups, and activities that establish links between businesses and consumers with the intent of promoting and sales of and services.
Define Supply:
The quantity of a specific product, item, commodity, or service that suppliers are willing to provide at a particular price.
Define Marketing Intermediary:
Independent firms which assist in the flow of goods and services including agencies, physical distribution companies, and financial institutions. Also referred to as Middlemen.
Define Demand:
The quantity of a specific product, item, commodity, or service that consumers are willing and able to buy at a particular price.
Define Direct Selling:
Engaging in direct communication with prospective clients individually. Such interactions occur on a one-on-one basis and can be especially effective for smaller businesses.
Define Dual Distribution:
A marketing channel organization system where a manufacturer employs a dual strategy concurrently to deliver products to final consumers.
Define Equilibrium Price:
The agreed-upon price at which suppliers and buyers decide to conduct a transaction in the market.
Define Reverse Channels:
Also referred to as a Backward Marketing Channel, enables the reverse movement of recycled or reprocessed products from consumers to intermediaries and ultimately back to the manufacturer.
Define Competition:
Contest of goods and services provided by multiple organizations.
Define Catalog Direct:
A prospective customer peruses a printed or digital catalog, which may contain pricing information, product descriptions, or images of available options. Customers then make selections of desired products and proceed to place an order.
Define Indirect Marketing:
Involves the integration of multiple channels to efficiently establish brand recognition. In contrast to direct marketing, where a manufacturer sells directly to a customer, indirect marketing relies on the involvement of multiple intermediaries.
Define Monopoly:
Only one market for goods and services (no competition).
How did the pirate get his ship for so cheap?
It was on sail!
Define Price Ceiling:
Prevents the price from rising too high.
I can fly without wings, cry without eyes. Wherever I go, darkness follows me. What am I?
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