Shared Flashcard Set

Details

Marketing 309
Chapter 6
22
Marketing
Undergraduate 3
03/10/2013

Additional Marketing Flashcards

 


 

Cards

Term
Autocratic buying center
Definition
A buying center in which one person makes the decision alone, though there may be multiple participants
Term
business-to-business marketing
Definition
the process of buying and selling goods or services to be used in the production of other goods and services for consumption by the buying organization, or for resale by wholesalers and retailers.
Term
buyer
Definition
The buying center participant who handles the paper work of the actual purchase
Term
buying center
Definition
The group of people typically responsible for the buying decisions in large organizations
Term
consensus buying center
Definition
A buying center in which all members of the team must reach a collective agreement that they can support a particular purchase
Term
consultative buying center
Definition
A buying center in which one person makes the decisions but he or she solicits input from others before doing so
Term
decider
Definition
The buying center participant who ultimately determines any part of or the entire buying decision. Whether to buy, what to buy, how to buy, or where to buy
Term
democratic buying center
Definition
A buying center in which the majority rules in decision making
Term
derived demand
Definition
The linkage between consumers' demand for a company's output and its purchase of necessary inputs to manufacture or assemble that particular output
Term
distributors
Definition
A type of reseller or marketing intermediary that resells manufactured products without significantly altering their form.
Term
gatekeeper
Definition
the buying center participant who controls information or access to decision makers and influencers
Term
influencer
Definition
The buying center participant whose views influence other members of the buying center in making the final decision
Term
initiator
Definition
The buying center participant who first suggests buying the particular product or service
Term
modified rebuy
Definition
refers to when the buyer has purchased a similar product in the past but has decided to change some specifications, such as the desired price, quality level, customer service level, options,or so forth
Term
new buy
Definition
in a B2B setting, a purchase of a good or service for the first time
Term
organizational culture
Definition
Reflects the set of values , traditions, and customs that guide a firm's employee's behavior
Term
request for proposals
Definition
A process through which buying organizations invite alternative suppliers to bid on supplying their required components
Term
resellers
Definition
Marketing intermediaries that resell manufactured products without significantly altering their form.
Term
straight rebuy
Definition
Refers to when the buyer or buying organization simply buys additional units of products that have been previously been purchased
Term
user
Definition
the person who consumes or uses the product or service purchased by the buying center
Term
web portal
Definition
an internet site whose purpose is to be a major starting point for users when they connect to the web
Term
wholesalers
Definition
Those firms engaged in buying, taking title to, often storing, and physically handling goods in large quantities, then reselling the goods.
Supporting users have an ad free experience!