m2 Flashcards

1
Q

assumes that customers prefer products that are inexpensive, affordable, and widely available, and that efforts are focused on expanding distribution, and improving production efficiency.

A

production concept

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2
Q

or marketing short-sightedness, refers to a near-sighted focus on
selling products and services, rather than seeing the “big picture” of what customers really want.

A

marketing myopia

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3
Q

focuses on the product and its improvements and innovations to
attract customers.

A

product concept

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4
Q

relies on the strength of the company’s sales force in convincing the customers to buy the product even if they do not need it.

A

The Selling Concept

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5
Q

a promotional tool wherein a salesperson uses selling
techniques to persuade a customer to purchase a good or avail of a service.

A

personal selling

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6
Q

centered on the customer, relationships, and the well-being of society.

A

contemporary marketing concepts

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7
Q

believes that all marketing activities are for the purpose of
establishing, maintaining, and strengthening meaningful long-term relationships with customers.

A

The Relationship Marketing Concept

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8
Q

Also known as a customer-centric orientation, this focuses on the customers’ preferences – what they want, how much they are willing to pay, what form and feature they prefer, etc. – are prioritized.

A

The Marketing Concept

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9
Q

This is like marketing orientation except for that concern for society’s well-being and the environment’s sustainability is prioritized as much as customer’s preferences.

A

The Societal Marketing Concepts

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10
Q

This marketing approach is also called green marketing and the product is called

A

green product.

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11
Q

tend to be loyal to traditional products and
it would take time for them to adopt new products associated with
technology.

A

old-generation customers

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12
Q

are younger and more open to products and
technologies.

A

new-generation customers

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13
Q

covers a wide array of marketing techniques and advertising
channels before the rise of technology that include primarily word-of-mouth marketing

A

Traditional marketing

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14
Q

primarily includes web-based approaches such as
digital marketing, online marketing, email marketing, and the like

A

Contemporary marketing

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15
Q

this is a subset of digital marketing and refers to content delivered via the internet to boost promotional and marketing efforts.

A

Online Marketing or E-Marketing

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16
Q

is an umbrella term that includes anything that requires the
use of an electronic device or digital technologies, including online marketing, in presenting the product or service offerings of a company.

A

Digital Marketing

17
Q

any advertising activity in which technology can be used to create personalized promotion of goods or services to a user who is constantly connected to a network via mobile devices such as tablets and smartphones.

A

Mobile marketing

18
Q

is the measurement, collection, analysis, and reporting of web data for purposes of understanding and optimizing web usage.

A

Web analytics

19
Q

is the most prevalent method of building an online
presence.

A

Search engine marketing (SEM)

20
Q

a long-term strategy that attempts to make content on web pages more accessible and discoverable through search engines.

A

Search Engine Optimization (SEO)

21
Q

such as Google AdWords, provide guaranteed visibility at a fee

A

Pay-per-click (PPC) ads.

22
Q

makes specific use of social networking websites and
relevant applications in promoting a company’s products and services. It involves creating and sharing content on social media networks

A

Social Media Marketing

23
Q

refers to advertising campaigns that employ outdoor media such as billboards, transit vehicles, and other types of outdoor signs, including the signs on the outside of businesses.

A

Outdoor Promotion/Marketing -

24
Q

adopted to appeal to consumers who are cost-conscious
and cannot afford to buy the products in large quantities

A

Sachet Marketing

25
Q

a strategy marketers use to promote their brand, product, or
service with an in-person or real-time engagement.

A

Events Marketing

26
Q

are mobile advertising tools used by marketers to advertise to
passengers who have very little time to see advertisements in other forms of media.

A

Mobile Promotion

27
Q

involves the promotion of products and services through unsolicited telephone calls to identify potential customers.

A

Telemarketing or “telesales”