explaining the concept of marketing
This term refers to selling and promoting products to meet customer needs.
What is marketing?
Marketing helps this business function by increasing revenue.
What is finance?
Marketing and this function transform customer needs into purchases.
What is sales?
This term refers to a group of people or organizations that buy and sell goods or services.
What is a market?
An example of a market segment is teenagers interested in these.
What are video games?
True or False - Marketing is responsible for advertising.
What is true?
Marketing involves developing, promoting, and selling these.
What are goods and services?
: Transporting products to retailers or consumers involves this function.
What is distribution?
Businesses use this demographic factor to identify markets.
What is age?
This segment targets customers living in colder regions.
What is geographic?
What is the marketing concept?
What is the marketing concept?
Creating ads for a new smartphone is this marketing function.
What is promotion?
Market identification helps businesses find these.
What are the right customers?
This factor shows how much money people can spend on products.
What is income?
Protects innovations, symbols, and designs legally.
What is intellectual property law?
"What is customer-focused?
What is customer orientation?
This business commitment involves sustainable and ethical practices.
What is corporate social responsibility?
This drives efficiency and innovation in private enterprises.
What is competition?
Restrictions like tariffs and quotas.
What are trade barriers?
A company that studies customer trends uses this approach.
What is market orientation?
This term means dividing a market into smaller groups with shared traits.
What is market segmentation?
Aligns a company's operations with market demand and pricing.
What is pricing strategy?
Involves sharing resources and expanding international markets.
What is global collaboration?
Total value of goods/services produced in a year.
What is Gross Domestic Product (GDP)
This function involves setting the price for a new energy drink.
What is pricing?