marketing

Question 8

Name 7 functions

Answer 8

Product service management
distribution
selling
marketing information management
financing
pricing
promotion

Question 9

product service management

Answer 9

Assisting in the design & development of products and services that will meet the needs of consumers

Question 10

Distribution

Answer 10

Determining the best methods to be used to help consumers locate and use products and services.

Question 11

selling

Answer 11

Direct, personal communications with consumers in order to determine needs and satisfy those needs with products and services

Question 12

Marketing information management

Answer 12

Obtaining and using market information for better decision making and marketing performance

Question 13

financing

Answer 13

Budgeting for marketing activities, obtaining necessary money, and offering financial help to customers to purchase products or services

Question 14

pricing

Answer 14

Creating and communicating the value of products and services to customers

Question 15

promotion

Answer 15

Communication used to inform, persuade, or remind consumers about an organization’s products and services in order for them to locate, purchase and use those products and services

Question 16

define marketing

Answer 16

The creation and maintenance of satisfying relationships.

Question 17

name for define marketing statements

Answer 17

creation
maintenance
satisfaction
exchange relationships

Question 18

creation

Answer 18

Marketing is involved from the very beginning as products and services are being developed

Question 19

maintenance

Answer 19

Marketing must continue to be used as long as business is operating

Question 20

Satisfaction

Answer 20

Satisfying both the business and consumer

Question 21

exchange relationships

Answer 21

any exchange where people are giving and receiving something of value

Question 22

elements of marketing concept 3 steps

Answer 22

1.Identify customers needs
2.Develop and market products or services
3.make profit

Question 23

marketing mix is what

Answer 23

product
price
place
promotion

Question 24

product

Answer 24

Products or services offered to a market by the business to satisfy consumer’s wants and needs

Question 25

price

Answer 25

The actual amount that customers pay for the product. Price aligns with economic and market conditions.

Question 26

Place/Distribution

Answer 26

Determining the best methods to be used in helping consumers locate, purchase, and use products and services of ann organnization.