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Buisness, Society, and Governm
Vocab for test #2 Chapter 12
7
Marketing
Undergraduate 3
12/10/2008

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Term
ambiguous advertising
Definition
(pg.392)
-something about the product or service is not made clear because it is stated in a way that may mean several different things.
Term
customer relationship management
Definition
-CRM entails all aspects of interaction a company has with its customer, whether it is sales or service related.
-A marketing led approach to building and sustaining long term business with customers.
Term
express warranty
Definition
Spoken or written promises made by the seller of a product about what will be done if the product proves to be defective in manufacture or performance. Contrasts with promises that are only implied by common knowledge of the product or by customary practices in a trade.
Term
implied warranty
Definition
-A guarantee of the condition of a thing or the truth of a statement which is created as a result of the actions of a party but not written down.
Term
exaggerated claims
Definition
(pg.394)
-claims that simply cannot be substained by any ind of evidence. ex "a pain reliever is 50% stronger than asprin" or "superior to any other on the market"
Term
Puffery
Definition
Puffery as a legal term refers to promotional statements and claims that express subjective rather than objective views, such that no reasonable person would take literally. Puffery is especially featured in testimonials.
Term
Weasel words
Definition
-Convoluted language used to spin or mislead; sophistry; euphemism.
-Qualifying words such as “some say that...” which introduce a point of view without attributing that point of view to its source.
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