UNIT 3šŸ¤ Flashcards

1
Q

marketing definitionšŸ¤

A
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1
Q

purpose of marketingšŸ¤

A

anticipate customers wants
satisfy customers wants
meet needs of the organisation

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2
Q

what is a marketing objective?šŸ¤

A
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3
Q

sales volumešŸ¤

A
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4
Q

sales valuešŸ¤

A
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5
Q

market sizešŸ¤

A
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6
Q

market growth+calcšŸ¤

A
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7
Q

factors influencing market growthšŸ¤

A
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8
Q

sales growthšŸ¤

A
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9
Q

market sharešŸ¤

A
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10
Q

brand loyaltyšŸ¤

A
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11
Q

other marketing objectivesšŸ¤

A
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12
Q

value of setting marketing objectivesšŸ¤

A
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13
Q

benefits of setting marketing objectivesšŸ¤

A
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14
Q

problems of setting marketing objectivesšŸ¤

A
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15
Q

external influences on marketing objectives qnd decisionsšŸ¤

A
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16
Q

internal influences on marketing objectivesšŸ¤

A
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17
Q

market researchšŸ¤

A
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18
Q

value of primary and secondary researchšŸ¤

A
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19
Q

primary researchšŸ¤

A
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20
Q

secondary researchšŸ¤

A
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21
Q

qualitative market researchšŸ¤

22
Q

quantitative market researchšŸ¤

23
Q

market mappingšŸ¤

24
Q

samplingšŸ¤

25
Q

confidence intervalšŸ¤

26
Q

interpretation of marketing data techniquesšŸ¤

27
Q

correlationšŸ¤

28
Q

extrapolationšŸ¤

29
Q

value of technology in gathering datašŸ¤

30
Q

price elasticity of demandšŸ¤

31
Q

income elasticity of demandšŸ¤

32
Q

factors influencing price elasticity of demandšŸ¤

33
Q

limitations of price and income elasticity of demandšŸ¤

34
Q

market segmentationšŸ¤

35
Q

types of market segmentationšŸ¤

36
Q

benefits and drawbacks of market segmentationšŸ¤

37
Q

market targetingšŸ¤

38
Q

influences on choosing target marketšŸ¤

39
Q

niche marketingšŸ¤

40
Q

mass marketingšŸ¤

41
Q

market positioningšŸ¤

42
Q

influences on choosing market positioningšŸ¤

43
Q

elements of the marketing mixšŸ¤

44
Q

influences on the elements of the marketing mixšŸ¤

45
Q

effects of the changes in the marketing mixšŸ¤

46
Q

industrial marketingšŸ¤

47
Q

product decisionsšŸ¤

48
Q

boston matrixšŸ¤

49
Q

product life cyclešŸ¤

50
Q

extension strategiesšŸ¤

51
Q

problems w predicting product life cyclešŸ¤