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Chapter Four Exam Review

AB
Integratedconsidered an essential part of the business
Market Opportunitiesinclude new 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 MarketA clearly defined segment of the market to which a business wants to appeal
DecisionA choice among alternatives
Channel of Distributionmade up of all of the businesses involved in completing marketing activities as products move from the producer to the consumer
Channel Membersthe businesses used to provide many of the marketing functions during the distribution process
non-business organizationhas as its primary focus something other than providing products and services for a profit

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