Vocab
The division of a market on the basis of customers’ responses to a product
Behavioral
Participants who do not get paid to play a sport
Amateurs
Souvenirs, mementos, things collected to remember something
Memorabilia
The NCAA is an example of
Sanctioning Body
Able to be touched or held
Tangible
Facts and statistics
Data
Customer Service
The amount of money you have to spend on something is a
Budget
These people post up at an event and for example, may sell a t shirt. These are examples of
Vendors
The division of a market on the basis of its physical and social characteristics
Demographic
Marketing element requiring marketers to determine the amount of money they will ask in exchange for their products
Price
A building or somewhere you can post up and sell your product would be a
Place
Based on true events, proof of happening
Fact
Approximation or an educated guess
Estimate
A channel member who helps sell a business’s products; usually a wholesaler
Distributor
A department store that sales paper needs a big shipment of supplies before their grand opening at the end of the month.
Suppliers
Predicting how much you can sell in a certain amount of time is a
Sales Forecast
Going from the floor manager to being a executive manager is a
Studies say that it may rain friday. That is an example of a
Prediction
Marketing element referring to what goods, services, or ideas a business will offer its customers
Product
What does each letter in the SMART goal stand for Specific, measurable, Achievable
Relevant, Time-bound
Related examples and emphasizes its role as a valuable resource for professionals in specific industries to stay informed and connected.
Trade Journal
A business with a big brand that has a lot of stores around has a big
Market Share
Another form of payment without using your debit card or any cash on hand is:
Sales Invoice
Dividing customers into categories based off their similarities is an example of