Chapter 6 Key Terms
Across
- 2. The large group of people born after WW2, between 1945 and 1965
- 5. A comparison of the resources used with the products or services that result. If fewer resources are used per unit produced, productivity increases
- 6. A short, catchy advertising phrase associated with a company or product
- 9. Any part of an overall market that has common characteristics
- 11. Words people spread about a company or product, can be good or bad for the company
- 12. The sum of a country's way of life, beliefs, and customs
- 13. A short, catchy tune, often incorporating a slogan, that is used in advertising and easily remembered by the consumer
- 15. A process whereby one company combines with or takes over the ownership of one or more other companies
- 16. A word or group of words chosen by a manufacturer or retailer to distinguish its products from competitors
- 19. The amount spent on one company's product, expressed as a percent of the total amount spent by consumers on all products of that type
- 20. An invitation to bid on a contract and to do the necessary work as outlined in the "request to tender" document
Down
- 1. Anything that saves or simplifies work, adds ease or comfort, etc.
- 3. An unfair pricing practise, in which companies bidding for business arrange bids between themselves instead of truly competing
- 4. The study of lifestyles
- 7. A person who makes buying decisions for others
- 8. The study of obvious characteristics that categorize human beings
- 10. Male/female
- 14. A special symbol that is associated with a product or company
- 17. The consumer's perception of a business or is products
- 18. Assistance provided, usually in return for payment, that satisfies needs and wants of people of businesses but that does not result in a product that can be touched