Term
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Definition
Cosutomer Focus
Profit Orientation
Organization Intergration |
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Term
5 Analytical Processes of: Strategic Merketing Managment |
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Definition
Strategy
Planning
Implementation
Evaluation |
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Term
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Definition
mkt.Penetration
mkt.Development
New Offering Development
Diversification |
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Term
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Definition
4 P's
Promotion
Product
Price
Place
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Term
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Definition
large enought to be profitable |
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Term
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Definition
viable market in the future
it will last |
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Term
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Definition
segments share common traits |
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Term
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Definition
can reach market with messgae |
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Term
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Definition
segment reponds in predictable manner to a unique marketing mix |
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Term
*Merketing Cummunication Mix |
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Definition
Adverstising
Personal selling
sales promotion
PR
word of mouth |
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Term
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Definition
- Induce initial sales - cummunicaton aids movement through adoption process= unawarness-awareness-knowledge-preference-purchase
- post-purchace satisfactions
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Term
Elements of Cummunication Mix are influenced by: |
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Definition
- buyer information requrements
- nature of offering- ( complexity, frequency of purchase,cost, benifits,differentiation)
- target market characteristics
- organization capacity
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Term
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Definition
creates initial interest (pull product through channels) |
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Term
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Definition
- offering is complex
- purchase is risky
- early in life cycle
- long sales interval
- limited fuds for mass advertisint
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Term
Channel Selection Criteria |
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Definition
- Desired Coverage (desity types- intesive, exlusice, selective)
- Satisfy Buyer REquirments
- Maximize Revenue/Minimize cost
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Term
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Definition
- limited number of buyres
- buyers easliy identified
- geographically concentrated
- product is comlex
- firm has a wide variety of products
- firm has suffencient resources
- inderict intermediaries are not available/skilled
- need to control channel activites
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Term
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Definition
one member is engged in behavior that is prventing another from achieving goals
(clash of goals or methods among the members) |
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Term
8 different sources of channel conflict |
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Definition
- channel member bypasses another channel member ans sells or buys direct
- Distribution of Profit Margins
- channel not giving the product adequate attention
- competitors allowed to carry only select items rather than full product line
- Goal incompatability ( focusing the profit of the distributor and not the manufactures market share)
- Role incongruence (mcdonalds selling hot dogs)
- communication breakdowns (manufactuere changes maket mix with not notification )
- ideological differences ( retailer belives customer is alwasy right and lets return and manufature things they are trying without buying)
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Term
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Definition
when a large distribution channel member buys from manufacture in bulk and puts its own name on the product. |
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