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SEM CH 1 Vocabulary

AB
marketingthe creation and maintenance of satisfying exchange relationships.
marketng mixdescribes how a business blends the four marketing elements of product, distribution, price, and promotion.
productwhat a business offers customers to satisfy needs.
distributioninvolves the locations and methods used to make products available to customers.
pricethe amount that customers pay for products.
promotiondescribes 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, such as housing and car payments.
demographicscommon characteristics of a gropu, 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.


East Grand Rapids High School
MI

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