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Vocab
Marketing in General
Marketing Facts
Process of Marketing
More Vocab
100
The added value to a product. Helps to satisfy a customer’s needs and wants.
What is Utility
100
Product, place, price and promotion.
What is the 4 P's
100
It is said that of the American population will be living in CA, TX, and FL.
What is 1/2
100
Part of the marketing mix. How much you should charge for a product in order to make a profit.
What is Pricing
100
Individuals who purchase products and services
What is Consumers
200
All people that share similar needs and wants and who have the ability to purchase a given product.
What is a Market
200
All business activities that include money.
What is Finance
200
California is the first state that are the minority.
What is Caucasians
200
How you get goods to customers.
What is Distribution
200
Involves statistics about where people live.
What is Geographic Segmentation
300
A group identified for a specific marketing program.
What is a Target Market
300
Relationship between the quantity of a product that producers are willing and able to produce and the price.
What is Supply
300
Generation is known to be conservative with money
What is X
300
It is the effort to inform, persuade or remind potential customers about a business’ products or services.
What is Promotion
400
All the activities required to plan, coordinate, and monitor business.
What is Management
400
Based upon independent decisions by businesses and consumers with only a limited government role.
What is Private Enterprise
400
____% of all sales dollars goes to cover the costs of marketing
What is 50
400
Providing customers with the goods and services that they want.
What is Selling
400
Decisions are shared between the government and other groups or individuals.
What is A Regulated Economy
500
Money you are left with after all living expenses are deducted.
What is Discretionary Income
500
Relationship between the quantity of a product consumers are willing and able to purchase for the price.
What is Demand
500
The US and Japan are examples of a _______ economy
What is Capitalist
500
A tangible item that has monetary value and will satisfy your needs and wants
What is a good
500
The skills of the people willing to risk their time and money to run a business.
What is Entrepreneurship