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Developing the Marketing Plan

This activity will help you prepare for the Chapter 6 test on the Marketing Plan for your business.

AB
marketing conceptBelieve that consumer wants & needs are the force behind product development or marketing effort
market segmentationConsumers with similar buying habits are divided into groups
target marketingmarketing a product to a selected group of consumers
customer profilecomplete description of the ideal customer
marketing researchthe process of gathering, recording, analyzing of data dealing with the marketing of goods or services
primary datadata found in published information
marketing mixwhen using these 4 variables, success in marketing occurs
advertisingpublic notices which are nonpersonal and a fee is paid
Sales Promotionan effort to have positive impact on a purchasing decision that does not include advertising and personal selling
Communication channelthis includes the 5 parts of sending a message
personal sellingthe communication which takes place between the buyer and the seller
Collecting dataA step in market research
noise factorsKnown as distoritions in the communication channel
repetitionA strategy used to get a message through the communication channel
Shadow BoxA strategy used for visual merchandising
customer interviewA form of primary data


Mrs. Lippold

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