Chapter 7 Vocabulary Review

1234567891011121314
Across
  1. 2. How frequently the consumers use products and the quantity of the product used.
  2. 5. The portion of the total market potential that each company expects in relation to its competitors.
  3. 6. The total revenue that can be obtained from the market segment.
  4. 8. Specific cities or geographic areas in which marketing experiments are conducted.
  5. 9. Divides consumers into groups depending on specific values or benefits they expect to require from the use of a product or service.
  6. 11. Competition in a market with businesses that offer the same type of product or service.
  7. 13. The images consumers have of competing goods and services in the marketplace.
  8. 14. Directs a companies marketing mix at a large heterogeneous group of consumers.
Down
  1. 1. People's interests and values.
  2. 3. The descriptive characteristics of a market such as age, gender, race,income, and educational level.
  3. 4. Exhibitions where companies associated with an industry gather to showcase their products.
  4. 5. The process of dividing a large group of consumers into subgroups based on specific characteristics and common needs.
  5. 7. An unfulfilled desire.
  6. 10. Occurs when a business competes with other companies offering products that are not in the same product category but satisfy similar customer needs.
  7. 12. Rivalry among businesses on the basis of price and value.