marketing final study guide

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Across
  1. 4. form of utility that invloves a business making products available at convenient places
  2. 6. Divides markets by characteristics people have in common such as age, race, and ethnicity
  3. 9. Communication that informs, reminds, and persuades customers of the goods and services available to them.
  4. 10. process of getting goods and services to customers (purchasing, stock handling, inventory control, and physical distribution)
  5. 12. pricing strategy where goods or services are grouped together to increase sales (may be at a discount or not)
  6. 13. free advertising. Companies have no control over
  7. 15. Divides markets by identifying common interests, hobbies, life goals, attitudes, values, lifestyle, or personality traits among the individuals that constitute the market.
  8. 19. making products available where customers want them
  9. 20. advertising types
  10. 21. form of utility that invloves a business making products available at times customers want them
  11. 22. a disadvantage, limitation, or shortcoming a business has that can keep it from achieving goals
  12. 23. deciding what goods or services are in demand and providing them to customers
  13. 25. Providing customers with the goods and services they choose to buy. Sometimes this involves personal contact between an employee and the customer
  14. 26. when companies try to generate good will in the community by doing good things
  15. 27. Activities related to obtaining, developing, maintaining, and improving a product, or product mix, in response to market opportunities
  16. 29. getting the money that is necessary for setting up and running a business
  17. 30. when a product/service is free for a limited time, after which customers will be charged full price
Down
  1. 1. pricing strategy where prices might be listed without $ or extra zeros because we think things are more expensive when prices are longer
  2. 2. Divides markets by identifying common responses to products and product features, such as rate of use or brand loyalty
  3. 3. A combination of decisions a business must make in order to reach its target market
  4. 5. when retailers present several options, one is so undesirable that customers will purchase what looks like the best deal
  5. 7. Promotion designed to create a favorable image and goodwill for a business or organization
  6. 8. any favorable situation in the environment surrounding the business that could help the business gain a competitive advantage in the industry.
  7. 11. a marketing strategy in which a business uses a temporary campaign or offer to increase interest or demand in its product or service.
  8. 14. any unfavorable situation in the environment surrounding the business that could help competitors gain an advantage in the industry.
  9. 16. any resource or capability that a business has that can help it gain a competitive advantage in the industry
  10. 17. form of utility that involves pProviding customers with information about how to buy and use products
  11. 18. form of utility that involves making is easier for customers to acquire a product
  12. 24. Dividing markets by where customers are located
  13. 26. deciding on an amount to charge customers for their products
  14. 28. Communication designed to increase sales of products and services that features the item for sale