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Marketing Concept

Marketing terms

AB
utilityusefulness
Form utilitycorn into cornflakes
Place utilityATM
Time utilityopen 24/7
Information utilityowner's manual
Possession utilityloan
marketing conceptmake profit by focusing on customer
customer satisfactionproduct meets expectations
base of satisfied customersresults in increased profits
Four P'sproduct, price, place, promotion
Financingmanaging the $$$'s
Information mgmt.surveys
Distributiontransporting goods
Product/Service Mgmt.dev. new products
Promotionadvertising
Sellingmatches customer's need with products
Pricingconsidering what customers are able and willing to pay
Dynamicconstantly changing
Customerindividual who buys products
Consumerindividual who uses products


CTE Department - Foods, Entrepreneurship, Personal Finance
Topsail High School
NC

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