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Vocab quiz 07
Marketing Vocab 07
18
Marketing
Undergraduate 3
10/15/2009

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Term
Copyright
Definition
This protects the original way an idea is expressed and includes any type or original architectural, artistic, dramatic, digital, literary, or musical work.
Term
Decline stage
Definition
The PLC stage in which a product's sales decline.
Term
Design patent
Definition
This protects the original idea and the described product.
Term
Dilution
Definition
This occurs when a trademark or servicemark loses its significance in the market.
Term
Growth stage
Definition
The PLC stage where a product's sales start increasing at an increasing rate and then slow to increasing at a decreasing rate of growth
Term
Intellectual property
Definition
This refers to all knowledge within the firm plus copyrights, trademarks, service marks, patents, and trade secrets.
Term
Introduction stage
Definition
The PLC stage where a new product is initially distributed and made available to the market.
Term
Label
Definition
The part of the package that can be used to promote, describe, and identify the product.
Term
Maturity stage
Definition
The PLC stage where sales growth slows then levels off.
Term
Packaging
Definition
The container or wrapper for a product that provides product protection, facilitates product use an/or storage, and supplies important marketing communication.
Term
Product life cycle [PLC]
Definition
The describes a product's sales and profits over its lifetime and involves product development, introduction, growth, maturity, and decline.
Term
Product line
Definition
A group of products that are closely related because they are similar in function, customer groups, distribution, and price ranges.
Term
Product line planning
Definition
The management of all products in a product line for the entire product life cycle.
Term
Servicemark
Definition
This is some term used to uniquely identify a service. It can be a word, logo, package design, or slogan.
Term
Trade secret
Definition
This is a process that protects any piece of information that is not commonly known and is something competitors cannot get though legal investigation methods.
Term
Trademark
Definition
This is some term used to uniquely identify a product. It can be a word, logo, package design, or slogan.
Term
Utility [process] patent
Definition
This protects the original idea and the way the product is made
Term
Warranty
Definition
A promise of product or service performance that is either expressed [contractual] or implied.
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