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marketing essentials 1 graham
marketing essentials 1 graham
8
Marketing
11th Grade
10/03/2013

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Term
marketing
Definition
the process of planning pricing promoting selling and distributing ideas goods or services to create exchanges to satisfy customers
Term
goods
Definition
tangible items that have monetary value and satisfy your needs and wants such as cars,toys,furniture, televisions clothing and candy.
Term
services
Definition
intangible items that have monetary value and satisfy your needs and wants
Term
marketing
Definition
the idea that a business should strive to satisfy customers needs and wants while generating a profit for the firm
Term
utility
Definition
functions of marketing add value to a product
Term
marketing
Definition
all people who share similar needs and wants and who gave the ability to purchase a give product
Term
consumer market
Definition
consists of consumers who purchase good and services for personal use
Term
industrial market
Definition
business to business (b to b) market includes all businesses that buy products for use in operations
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