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SEM2 5.03 Matching Definitions on Promotional Efforts

AB
Push StrategyUsed by a manufacturer to convince or “push” retailers to carry and promote products in their retail establishments.
Pull Strategydirected towards customers to increase their interest and demand for products.
Primary target marketCore groups of consumers on which promotional efforts are focused.
Secondary target marketConsumers who occasionally purchase the product because of one identifying factor.
InfluencerOne who wants the product/service
Decision-makerOne who decides if the purchase will occur
PurchaserOne who pays for the purchase
FollowerOne who wants to be included in the experience/purchase
Inform, persuade, remind3 objectives of promotion
Budget allotmentsDetermine the current budget as a stand-alone budget, aside from the entire organizations budget
Imitation of competitorsBudget is set up to mimic competitors
Proportion of revenueAllocation of budget based on percentage figures
Activity-based cost methodSet objectives, determine the costs and work within them


Millbrook High School
Raleigh, NC

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