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Define + Lists
Chapter 3
16
Marketing
Undergraduate 4
10/01/2007

Additional Marketing Flashcards

 


 

Cards

Term
Marketing Environment
Definition
The actors and forces outside marketing that affect marketing managements ability to build and maintain successful relationships with target customers.
Term
Microenvironment
Definition
The actors close to the company that affect its ability to serve its customers- the company, suppliers, marketing intermediaries, customer markekts, competitors and publics.
Term
Macroenvironment
Definition
The larger societal forces that affect the microenvironment- demographic, economics, natural, technological, political and cultural forces.
Term
Marketing Intermediaries
Definition
Firms that help the company to promote, sell, and distribute its goods to final buyers; they include resellers, physical distribution firms, marketing service agencies, and financial intermediaries.
Term
Public
Definition
Any group that has an actual or potential interest in or impact on an organizations ability to achieve its objectives
Term
Demography
Definition
The study of human populations in terms of size, density, location, age, gender, race, occupations, and other statistics.
Term
Babyboomers
Definition
The 78 million people born during the baby boom following world war II and lasting until the early 60's.
Term
Figure 69
Definition
a sexual position used when both "players" are "getting some" oral action.
Term
Generation X
Definition
The 45 million peopel born between 1965 and 1976 in the "birth dearth" following the babay boom.
Term
Generation Y
Definition
The 72 million children of the baby boomers, born between 77 and 94
Term
Economics environment
Definition
Factors that affect consumer buying power and spending patterns.
Term
Engel's Law
Definition
Differences noted ober a century aho by Ernst Engel in how people shift their spending across food, housing, transportation, health care, and other goods and service categories as family income rises.
Term
Natural Environment
Definition
Natural resources that are needed as inputs by marketers or that are affected by marketing activities.
Term
Technological environment
Definition
Forces that create new technnologies, creating new products and market opportunities.
Term
Political Envrionment
Definition
Laws, governmet agencies, snf ptrddutr groups that influence and limit various organizations and individuals in a given society.
Term
Cultural Environment
Definition
Institutions and other forces that affect society's basic values, perception, preferences, and behaviors.
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