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Marketing Exam Chapters 17-38

AB
A promotional method businesses use to convince consumers to select its products or servicesProduct Promotion
A promotional method used to create a favorable image for a business, help it advocate for changes, or take a stand on trade or community issuesInstitutional Promotion
A form of non-personal promotion in which companies pay to promoter ideas, goods, or services in a variety of media outlets.Advertising
A type of advertising directed to a targeted group of prospects and customers rather than to a mass audienceDirect Marketing
All marketing activities - other than personal selling, advertising, and public relations - that are used to stimulate purchasing and sales.Sales Promotion
Activities that help an organization influence a target audiencePublic Relations
An announcement that is sent by a business to media outletsNews Release
A tactic that public relations professionals use to bring information about an organization to the public's attention.Publicity
A combination of strategies and a cost effective allocation of resourcesPromotional Mix
Certificates that entitle customers to discounts on goods and servicesCoupons
Low-cost items given to consumers at a discount or for freePremiums
Products earned or given away through contests, sweepstakes and rebates.Incentives
Coordinating the physical elements in a place of business to project the right image to customersVisual Merchandising
The visual and artistic aspects of presenting a product to a target group of customersDisplay
The exterior of a business that includes the store's sign, logo, marquee, outdoor lighting, banners, planters, awnings, windows, and more.Storefront
An arcitectural canopy that extends over a store's entranceMarquee
The ways that store's use floor space to facilitate and promote sales and serve customers.Store Layout
The principal installations in a store; permanent and movable store furnishings that hold and display merchandiseFixtures
Interactive point-of-purchase displays - that take up a few feet of floor spaceKiosks
A circular illustration of the relationships between colorsColor Wheel
Colors that are opposite on the color wheel and are used to create high contrastComplementary Colors
Colors that are located next to each other on the color wheel and share the same undertonesAdjacent Colors
An area in a display that attracts attention first, above all elseFocal Point
The relationship between and among objects in a displayProportion
When items of the same size are placed on both sides of a displayFormal Balance
The placement of several small items with a large item within a displayInformal Balance
Advertising designed to increase salesPromotional Advertising
The process used to try and create a favorable image for a company and to foster goodwill in the marketplaceInstitutional Advertising
The avenues through which messages are delivered.Media
Newspapers, magazines, direct mail, signs, and billboards used in advertisingPrint Media
Advertising found on public transportationTransit Advertising
Radio and TelevisionBroadcast Media
Advertising that uses e-mail or the webOnline Advertising
Relative inexpensive, useful items featuring an advertiser's name or logo that are given awaySpecialty Media
Those that view/hear a messageAudience
A group of advertisements, commercials, and related promotional materials and activities that are designed as a part of a coordinated advertising plan.Advertising Campaign
Independent businesses that specialize in developing ad campaigns and crafting ads for clientsAdvertising Agencies
The phrase or sentence that captures the readers' attentionHeadline
The selling message of a written advertisementCopy
The photo, drawing, or other graphic element in an advertisementIllustration
Images, stock drawings, and photographs used in print advertisementsClip Art
The distinctive identification for a business; also know as the logoSignature
A catchy phrase of words that identify a product or companySlogan
A sketch that shows the general arrangement and appearance of a finished adAd Layout
A representation of an advertisement that shows exactly how it will appear in printAdvertising Proof
The path a product takes from producer to final consumerChannel of Distribution
Know as middlemen; they are involved in moving product from producer to consumerIntermediaries
Channel of distribution that obtain goods from manufacturers and resells them to industrial users, and retailersWholesalers
Buys goods from wholesalers and sells them to consumersRetailers
Traditional retailers that sell goods to consumers from physical storesBrick-and-mortar Retailers
Retailers that sell products over the internetE-tailing
Intermediaries that bring buyers and sellers togetherAgents
Sales involving protected territories for distribution of a productExclusive Distribution
Sales involving the use of all suitable outletsIntensive Distribution
Individuals that purchase goods for business purposesOrganizational Buyers
Individuals that purchase goods for resaleWholesale and Retail Buyers
A budget that estimates planned purchases for a 6-month periodSix-Month Merchandise Plan
The amount of money budgeted to buy goods for resaleOpen-to-Buy
Buying that is usually done at a specific location, generally at headquartersCentralized Buying
Involves local chain store managers or their designated individuals that purchase for resaleDecentralized Buying
Requests for items that are not carried in the storeWant Slips
Involves paying for goods only after the final consumer purchases themConsignment Buying
The value in money placed on a productPrice
A calculation that is used to determine the relative profitability of a productReturn on Investment
A company's percentage of total sales volume generated by all companiesMarket Share
The point at which sales revenues equals cost and expenses of making and distributing a productBreak-Even Point
The extent to which demand for a product is affected by its priceDemand Elasticity
When competitors agree on certain price ranges within which they can set their own pricesPrice Fixing
Including price information for a standard unit or measure so that consumers can compare prices more easilyUnit Pricing
An item priced at or below cost to draw customers into the storeLoss Leader
The process in which resellers add a dollar amount to its cost to arrive a a price.Markup Pricing
All costs and expenses are calculated and then a desired profit is added to arrive at a priceCost-Plus Pricing
All customers are charged the same price for the goods and services offered for sale.One-Price Policy
A price policy that lets customers bargain for merchandise.Flexible-Price Policy
A policy that sets a very high price for a productSkimming Pricing
A policy that sets a very low new pricePenetration Pricing
A policy that sets a limited number of price points for specific groups or lines of merchandisePrice Lining
A policy that sets a price for a collection of items sold at once.Bundle Pricing
A policy that sets a price based on the location of the customer for deliveryGeographical Pricing
A policy that sets a price to appeal to a customers mindset.Psychological Pricing
A policy that sets a price higher than average to create an image of status and high qualityPrestige Pricing
A policy in which prices are reduced to short periods of time.Promotional Pricing


Bay City Central High School
Bay City, MI

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