Shared Flashcard Set

Details

Mar 250 Pace U
1 test
26
Marketing
Undergraduate 2
03/03/2009

Additional Marketing Flashcards

 


 

Cards

Term
MAR
Definition
buy and sell
Term
CONSUMER
Definition
needs and wants
Term
DEMOGRAPHICS
Definition
describing a population according to selected charecteristics such as age, gender, ethnicity, income and occupation
Term
GEOGRAPHICS
Definition
grouping in which sales territories are subdivided according to geo location
Term
BENEFITS SOUGHT
Definition
Term
BUYER/PURCHASER BEHAVIOR
Definition
--> Brand Loylty- a person who comes back again and again to the same company or brand
--> Frequency of purchase
Term
CONTROLLABLE VARIABLES
Definition
1. Products/ Features
2. Price
3. Promo/ Ads (packaging design)
4. Place (distribution)
Term
4 P's
Definition
1. Products/ Features
2. Price
3. Promo/ Ads (packaging design)
4. Place (distribution)
Term
UNCONTROLLABLE VARIABLES
Definition
Economy GDP/ Copetition
Term
GDP
Definition
total amount of goods and servaces produced. Total number of sales average yearly growth this year (-2%)
Consumers (70%)+ Business Inv (20% int rates)+ Govt spending (10% building structures, infa-structures, schools)
Term
COMPETITON
Definition
the alternative firms that could provide a product to satisfy a specific market's needs
Term
Top GDP countries
Definition

USA 13.8(301m)

JAP 4.4(127m)

Ger & China 3.3(82m/1.3b)

UK 2.8(61m)

France 2.1(64m)

Italy & Spain 1.4(58m/40m)

CAN 1.3(33m)

Brazil 0.9(190m)

Term
CITIBANK
Definition
Term
GM
Definition
Term
APPLE
Definition
created its own market
Term
MAJOR ECONOMIES
Definition
NAFTA/ EU
Term
NAFTA
Definition
North American Free Trade Agreement (Mexico/ USA/ Canada)
--> no free borders for workers
Term
EU
Definition
18 members (European Union)
free borders for workers
Term
GDP SOURCES
Definition
1. Housing
2. Auto industry
3. White goods/ High end consumer (fridge, computer)
Term
Market Capitalization
Definition
--> amount of money that was invested in a company
--> measured by P*Q (Price * Number of shares outstanding)
Term
Differentiation
Definition
* pruduct features
* size
* function
* design
* price
Term
SWOT
Definition
Organization's appraisal of its internal STRENGTHS/ WEAKNESSES and its external OPPORTUNITIES/THREATS
Term
Exporting/ Importing
Definition
A global market- entry strategy in which a company produces goods in one country and sells in another.
Produced goods from one country enter your country
Term
Joint Ventures
Definition
strategy in which a foreign company and a local firm invest together to create a local business in order to share ownership, control, and profits of the new company
Term
100% Wholly-owned Subsidiaries
Definition
Term
Licensing/franchising
Definition
A company offers the right to a trademark, patent, trade secret or other similarity valued items of intellectual property in return for a royalty or a fee
A contractual agreement between a parent company (franchasor) and an individual firm (franchisee) that allows the franchisee to operate a certain type of business under the established name and according to specific rules
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