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POBF 3.02 Buying Behavior Vocabulary

AB
Marketing strategyprovides vital information on how a business will meet its goals of satisfying customers that will result in making sales and profits
Target marketa group of people that have similar needs and wants
Product testing organizationsgroups that test goods and services to detect benefits (such as Consumers Union or Underwriters Laboratories)
Media sourcesprovide specific information about products and services via news articles, reviews, etc. in broadcast, print, or internet forms
Government agenciesfederal, state, or local organizations that inform consumers and may handle consumer questions (such as Federal Trade Commission or National Highway Traffic Safety Administration)
Business sourcescommercial enterprises that provide information as a public service (such as Better Business Bureau) and to sell products and services (such as a customer service department)
Personal contactsword of mouth sources of information, such as through friends, family, or other acquaintances
Department storessell broad product lines & highlight their customer service (such as Nordstrom, Sears, or Dillard's)
Discount storeshighlight their offering of lower prices for products (such as TJ Maxx, Ollie's Bargains, or Dollar General)
Specialty storessell limited variety of a special line of products (such as Foot Locker, Radio Shack, or Lid's)
Supermarketlarge, full-service store that offers many brands of products, especially groceries (such as Kroger, Harris Teeter, or Lowes Foods)
Convenience storessell popular items, usually located in highly accessible areas with long operating hours (such as 7-11, Circle K, or Kangaroo Express)
Specialty superstoreprovides a wide variety of a special line of products (such as Home Depot, Dick's Sporting Goods, or Bed Bath & Beyond)
Superstoresells a wide variety of different products (including food, bakery, auto, and electronics) in a large retail store (such as K-Mart, Wal-Mart, or Target)
Warehouse clubsells products in bulk quantities at lower prices but often requires membership (such as Costco, Sam's, or BJ's)
Factory outletsells discounted products from specific brands (such as the Nike Factory Store or Levi's Outlet)
Non-store shoppingallows products to be purchased via phone, computer, TV, catalog, or door-to-door (such as Home Shopping Network, eBay, or Amazon.com)
Vending machinessell products through automation (such as Redbox, Burrito Box, or Coca-Cola)


Adam Tompkins

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