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SEM Unit 1 Vocabulary Terms

AB
Demographicsspecific information that identifies the customer, such as the age ranges in the group, marital status, gender, educational level, attitudes, and beliefs
Entertainmentwhatever people are willing to spend their money and spare time viewing rather than participating in
Entertainment marketinginfluencing how people choose to use their time and money
Form utilityoccurs when the physical characteristics of a product or service are improved
Marketingthe creation and maintenance of satisfying exchange relationships
Marketing mixhow a business blends the four marketing elements—product, distribution, price, and promotion
Marketing plana written component of the strategic plan that addresses how the company will carry out the key marketing functions
Place utilityensures that the movie is available where the viewer wants it
Possession utilityresults from making the movie available at an affordable price
Pricethe amount that customers pay for products
Sales promotionincludes any action or communication that will encourage a consumer to buy a product
Sports marketingusing sports to market products
Target marketa specific group of people you want to reach
Time utilitythe result of making the movie available when the viewer wants it
Promotiondescribes ways to encourage customers to purchase products and increase customer satisfaction
Promotional mixhas four elements: personal selling, advertising, publicity, and sales promotion
Productwhat a business offers customers to satisfy needs
Economic utilitythe amount of satisfaction a person received from the consumption of a particular product or service
Distributioninvolves the locations and methods used to make products available to customers


BIM INSTRUCTOR
TRINIDAD GARZA EARLY COLLEGE HIGHSCHOOL
TX

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