Java Games: Flashcards, matching, concentration, and word search.

Unit 5 - Marketing - recap of unit so far

Match the 2 connected/related terms

AB
T&T ProductsA short break or holiday, flight etc,
TangibleCan be seen tried and tested prior to purchase
IntangibleA service someting to be experienced
ServiceThe personal touch/influence
PeopleOften referred to as the 5th P
Company ethosEnvironmental issues for example
BOGOFBuy one get one free
Short term eventsSales promotions
PriceCan involve lots of different strategies
Odd pricingNo rounding up here
Penetration pricingLets get into the market
Skimming pricingLets make hay while the sun shines & coin it in.
Cost plus pricingWhat does it cost us - Add 25% on
USPUnique Selling Point
BrandsTui, Virgin, 18-30 for example
PerishableUseless after the sell buy date
LocationPlace
DistributionGetting product to customer
PLCProduct Life Cycle
Saturationeveryone has one- knows about it.
AAttention
DDesire
IInterest
Press ReleaseMay be Free advertising
Telephone MarketingIntrusive & often unwanted
Direct mailPersonalised is much more effective
Internet Marketingunsoliciited emails - pop ups & Spam
TV advertisingAll moving sound & colour & Expensive
Radio AdvertisingRegional & National - may become just background noise
ABTA code of conductStandards of Practice
PoliticalNew legilation
Consumer ProtectionTrade description Act for example
SocialTrendy - Fashionable - Celebrity influenced may be?
SeasonalityT&T is affected by this, very musch so.
Variable pricingDifferent cost at different times of the day
Competitor activityCheck the market and adjust accordignly
TechnologicalThe internet, mobile phones, dvelopemtn in communication & transport methods
Niche ProductCruising/over 55's etc specialism


ILT Champion - Business and Leisure Management
Chesterfield College
Chesterfield

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