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SEM Ch. 1 Terms

AB
Marketingcreation and maintenance of satisfying exchange relationships
Marketing Mixhow a business blends the four marketing elements of product, distribution, price, and promotion
Productwhat a business offers customers to satisfy needs
Distributionthe location and methods used to make products available to customers
Pricethe amount that customers pay for products
Promotionthe ways to make customers aware of products and encourage them to buy
Discretionary Incomethe amount of money individuals have available to spend after paying for the necessities of life and other fixed expenses
DemographicsCommon characteristics of a group, such as age range, marital status, gender, ethnic background, income level, and education level
Sports MarketingUsing sports to market products
Gross ImpressionThe number of times per advertisement, game, or show that a product or service is associated with an athlete, team, or entertainer.
Entertainment MarketingInfluencing how people choose to spend their time and money on entertainment
EntertainmentWhatever people are willing to spend their money and spare time viewing rather than participating in
RatingsThe number of viewers the programming attracted


Marketing Instructor
Independence Jr./Sr. High School
Cedar Rapids, IA

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