Product
This term describes the physical container, wrapper, or box that holds a product and helps sell it on a store shelf.
What is Packaging?
This event happens when a store lowers its regular prices to get more buyers. In return, this gets rid rid of inventory quicker.
What is a Sale?
This 5-letter acronym describes goals that are Specific, Measurable, Achievable, Relevant, and Time-bound.
What are SMART Goals?
This e-commerce giant allows people to buy almost any product online from A-Z from their couch instead of walking into a physical store.
What is Amazon
This term describes the paid service of promoting a commercial service or item.
What is Advertisement?
This is the specific group of buyers that a company aims its product at.
What is target marketing
This is the word for the financial gain a business makes after subtracting all its costs from its total sales.
What is Profit?
This is the specific name, term, design, or symbol that identifies one seller's good or service as distinct from competitors.
What is a Brand?
This specific type of retail store, like 7-Eleven, is strategically located near neighborhoods and stays open late for quick, everyday purchases.
What is a Convenience Store / Gas Station?
(either/or)
This is the name given to a short, catchy phrase used in ads to help people remember a brand name.
What is a Slogan?
What is a Want?
This is the extra fee required by the government that gets added to the price of your items at checkout.
What is Tax?
This term describes the group of people or specific customers that a company creates and directs its advertising toward.
What is a Target Audience?
This event happens when a store lowers its regular prices to get more buyers. In return, this gets rid rid of inventory quicker.
What is a Sale?
This is the symbol, design, or special graphic that a company uses so people can instantly recognize its brand.
What is a Logo?
A purchase or service that is a requirement to the customer.
What is a Need?
Restaurants use this specific two-word pricing strategy during late afternoon hours to offer cheap drinks and discounted appetizers.
What is a Happy Hour?
This isn't a question but free points for whoever found it first. I genuinely don't know what else to put.
FREE POINTS!!!!!!!!!!!!!
Ice cream brands like Ben & Jerry's pay grocery stores a special fee, called a slotting fee, just to get their products placed at this optimal human body level inside the freezer.
What is Eye Level?
This is given away to consumers for free so they can try a small amount of a product before buying it.
What is a Sample?
Toy companies use this clever strategy by hiding a mystery toy inside a sealed plastic ball or box, so kids have to buy it just to see what is inside.
What is a Blind Bag?
These two basic market forces work together to determine the ultimate market price of any product or service.
What are supply and demand?
This popular business analysis tool evaluates an organization's Strengths, Weaknesses, Opportunities, and Threats.
What is SWOT Analysis?
People use this unique strategy by putting wheels on their shop so they can drive their services directly to hungry customers at parks and festivals to serve sweet frozen treats.
What is an Ice Cream Truck?
This term describes a mix of tools like advertising, public relations, and personal selling used to reach buyers.
What is the Promotional Mix?