Shared Flashcard Set

Details

3.1
Vocab
20
Business
11th Grade
04/18/2013

Additional Business Flashcards

 


 

Cards

Term
Marketing Mix
Definition
Product, Price, Place, Promotion
Four P's
Term
Four P's
Definition
Product-Goods
Price-the costs
Place-Being in the right location
Promotion- letting customers know about a products value
Term
Goals
Definition
Desired outcome
Term
Market Strategy
Definition
Plan of action for you to accomplish your desired goals
Term
Tactics
Definition
Specific actions used to carry out missions
Term
Market
Definition
Customer or potential customer
Term
Target Market
Definition
The market that you target for your business
Term
Mass Marketing
Definition
Designing a product for everyone
Term
Market Segmentation
Definition
Utilizes the division of total market into smaller targets
Term
Demographic Segmentation
Definition
Dividing based on social and physical characteristics
Term
Geographical Segmentation
Definition
Divided based on location
Term
Behavioral Segmentation
Definition
divide based on response to product
Term
Ex. Summary
Definition
Key points of the business plan
Term
Situation analysis
Definition
An assessment of where the business is both internally and externally at that point in time
Term
Marketing Goals and Plans
Definition
Provides detailed info about the business goals
Term
Marketing Strategies and Programs
Definition
Provides detailed info about organizations Four P's
Term
Performance and Implementation
Definition
Explains Results
Term
Financial Plans
Definition
Provides detailed info about the businesses financials
Term
Eval. and Control
Definition
Performance Standards
Term
Appendices
Definition
Any miscellaneous Materials related to market plan; ie: Charts, Graphs
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