UNIT 3š¤ Flashcards
marketing definitionš¤
purpose of marketingš¤
anticipate customers wants
satisfy customers wants
meet needs of the organisation
what is a marketing objective?š¤
sales volumeš¤
sales valueš¤
market sizeš¤
market growth+calcš¤
factors influencing market growthš¤
sales growthš¤
market shareš¤
brand loyaltyš¤
other marketing objectivesš¤
value of setting marketing objectivesš¤
benefits of setting marketing objectivesš¤
problems of setting marketing objectivesš¤
external influences on marketing objectives qnd decisionsš¤
internal influences on marketing objectivesš¤
market researchš¤
value of primary and secondary researchš¤
primary researchš¤
secondary researchš¤
qualitative market researchš¤
quantitative market researchš¤
market mappingš¤
samplingš¤
confidence intervalš¤
interpretation of marketing data techniquesš¤
correlationš¤
extrapolationš¤
value of technology in gathering dataš¤
price elasticity of demandš¤
income elasticity of demandš¤
factors influencing price elasticity of demandš¤
limitations of price and income elasticity of demandš¤
market segmentationš¤
types of market segmentationš¤
benefits and drawbacks of market segmentationš¤
market targetingš¤
influences on choosing target marketš¤
niche marketingš¤
mass marketingš¤
market positioningš¤
influences on choosing market positioningš¤
elements of the marketing mixš¤
influences on the elements of the marketing mixš¤
effects of the changes in the marketing mixš¤
industrial marketingš¤
product decisionsš¤
boston matrixš¤
product life cycleš¤
extension strategiesš¤
problems w predicting product life cycleš¤