Chapter 13.1 Key Terms Created by: Marissa Reedy

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Across
  1. 3. The process of creating, promoting, and presenting a product or service to meet the wants and needs of consumers, wherever they are.
  2. 6. Occurs when goods or services are sold from the producer directly to the customer.
  3. 7. A pathway to direct products to consumers.
  4. 8. Consists of four basic marketing strategies: product, place, price, and promotion, collectively known as the four Ps.
Down
  1. 1. Involves one or more intermediaries.
  2. 2. The point at which total revenues, or sales, equal total costs and expenses of developing and offering a product or service.
  3. 4. A group of customers who share common wants and needs.
  4. 5. Companies use this to build and maintain relationships with their customers.