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MKTG 321 - Intro to Marketing
The Marketing Environment, Social Responsibility, and Ethics
9
Marketing
Undergraduate 3
06/07/2010

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Cards

Term
environmental scanning
Definition
collecting information about forces in the marketing environment
Term
environmental analysis
Definition
assessing/interpreting information gathered through scanning
Term
brand competitors
Definition
they market substitute products in same geographic area
Term
product competitors
Definition
compete in same product class, but market products with different features, benefits, and prices
Term
willingness to spend
Definition
inclination to buy a product because of expected benefit
Term
corporate social responsibility
Definition
philanthropic - good corp citizen
ethical
legal - obey the law
economic - be profitable
Term
cause-related marketing
Definition
when a firm links its product to a social cause
Term
strategic philanthropy
Definition
the use of core competency and resources to achieve organizational and social benefits
Term
consumerism
Definition
efforts to protect consumers' rights
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