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Chapter 4 Vocabulary

AB
integratedMarketing is considered an essential part of the business.
market opportunitiesnew markets and ways to improve a company;s offerings in current markets.
strategyA plan that identifies how a company expects to achieve its goals.
market segmentsgroups of similar consumers within a larger market.
market opportunity analysisstudying and prioritizing market segments to locate the best potential based on demand and competition.
target marketclearly defined segment of the market to which a business want to appeal.
decisionchoice among alternatives
channel of distributionMade up of all of the businesses involved in completing marketing activites as products move fromt he producer to the consumer.
Channel membersbusinesses used to provide many of the marketing functions during the distribution process.
non-business organizationprimary focus is not products or services for a profit.



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