Marketing Flashcards
1
Q
- Market vs Marketing
A
Market: A place or group where buyers and sellers meet (can be physical or online).
Marketing: The activities and strategies used to make products appealing, get people to buy them, and keep them coming back.
2
Q
- Marketing Activities
A
- Marketing Activities
These are all the behind-the-scenes moves that bring a product to the public:
(a) Market Research – Finding out what customers want or need.
(b) Pricing – Setting a price that’s fair, competitive, and profitable.
(c) Packaging – Making products look good and stay safe.
(d) Branding – Creating a unique identity (name, logo, vibe).
(e) Sales Promotion – Discounts, giveaways, BOGOs, etc.
(f) Advertising – TV, social media, posters, radio—getting attention.
(g) Distribution – Getting the product to the customer.
3
Q
A