4.01 PI-002 The Price Is Right
Across
- 3. Marketing function that involves determining and adjusting prices to maximize return and meet customers' perceptions of value
- 4. Organization's portion of the total industry sales in a specific market
- 7. The rivalry between two or more businesses to attract scarce customer dollars
- 8. Goals a company hopes to accomplish through its pricing strategies
- 9. the message channel used by a seller to promote a good, service, or idea (radio, tv, newspaper, magazine)
Down
- 1. Amount of money that the buyer is willing to pay and the seller is willing to accept for a good or service
- 2. (Distribution) Marketing element that focuses on getting selected product in the right place at the right time
- 4. The systematic gathering, recording, and analyzing of data about a specific issue, situation, or concern
- 5. Combination of the four elements of marketing-product, place, promotion, and price
- 6. consistently producing what the customer wants while reducing errors before and after delivery to the customer; many customers associate price with quality