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Marketing Strategies Objective 1.02

AB
Target Marketconsists of a group of people that have similar needs and wants.
Marketing Mixconsist of a blending of the marketing elements (product, price, distribution, and promotion).
Marketing Strategyprovides vital information on how a business will meet its goals of satisfying customers that will result in making sales and profits.
Media SourcesProvide specific information about products and services.
Government AgenciesInform consumers and may handle consumer questions.
Business Sourcesare available as a public service and to sell products and services.
Department StoresProvide broad product lines and highlight their service
Discount StoresHighlight their offering of lower prices for products.
Specialty StoresProvide a special line of products.
SupermarketLarge, full service store that offer many brands of products.
Convenience StoresProvide popular items, offer long operating hours, and are usually located in highly accessible areas.
Specialty SuperstoresProvide wide variety of limited products at low prices.
SuperstoresProvide a wide variety products in the retail services such as food, bakery, auto, and electronics.
Warehouse ClubsProvide products in large quantities at practical prices.
Factory OutletsProvide high-quality products at low prices.
Vending Machinesprovide products through automation.
Non-Store ShoppingAllows purchasing of goods and services by telephone, computer, television, fax, or door-to-door.
Personal Contact“Word of mouth” advertising.


Business Education Teacher
Albert Einstein High School
Kensington, MD

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