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04 Marketing Basics Vocab

AB
integratedit is involved in all important business decisions
market opportunitiesinclude new markets as well as ways to improve a company's offerings in current markets
strategya plan that identifies how a company expects to achieve its goals
market segmenta group of similar consumers within a larger market
market opportunity analysisstudying and prioritizing market segments to locate the best potential based on demand and competition
target marketa clearly defined segment of the market to which a business wants to appeal
marketing mixa blend of the four marketing elements - product, place, price, and promotion
decisiona choice among alternatives


IN

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