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Marketing Key Terms Defined

AB
MarketThe world of commercial activity where goods and services are bought and sold; includes customers and location a business wants to serve.
MarketingMeans by which products or services are developed, priced, distributed, and promoted to customers.
Marketing mixCombination of the 4 P's—Product, Place, Price, Promotion.
Target marketA group of individuals or organizations with similar traits who may purchase a particular product.
ProductA good or service that can satisfy consumer needs.
PlaceThe location of the business; also includes business activities that involve physical distribution, such as transporting goods, handling the goods, storing the goods, and keeping track of the goods.
PriceThe amount of money needed to purchase something.
PromotionThe act of informing or reminding consumers about a specific product or brand.
Fashion MerchandisingInvolves all activities related to the development, buying, and selling of merchandise associated with apparel production, selection and coordination, fibers and fabrics, computer aided design, product compatibility, product development, quality assessment and control.
Travel and TourismThe industry involved in providing services to support travel, mainly recreational or for leisure purposes.
Marketing ManagementThe management of a firm's marketing resources and activities. Marketing managers are often responsible for influencing the level, timing, and composition of customer demand in a manner that will achieve the company's objectives
Market ResearcherA person who accumulates and analyzes data in order to make a particular marketing decision. Market researchers determine what motivates people to buy specific products.
SalespersonA person employed to represent a business and to sell its merchandise.
Sports and Entertainment MarketingInvolves determining the sports and entertainment interests of the consumer and planning a product or service that the spectator will buy.
Sales ManagerAn individual who manages a group of sales representatives.
TelemarketerA person who uses the telephone for promoting and selling products
BuyerOne who makes bulk purchases on behalf of a retailer or wholesaler.
e-Marketinge-Marketing, also referred to as Internet marketing or online marketing is the marketing of products or services using the Internet.


Career Technology Education-Business, Finance & Information Technology
Holly Ridge Middle School
Holly Springs, NC

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