Ex.1. Study the following definitions. Make sure you understand them and can reproduce from memory
Market all the potential customers for a product
marketing the identification of customer demand, and
the satisfaction of that demand by the development, distribution and exchange of goods and services
marketing research gathering, recording and analyzing of facts
related to marketing goods and services
consumer the person who uses the products or services
marketing concept the idea of fulfilling the needs of customer at a profit
marketing mix the combination of four marketing activities product
development, pricing, promotion and distribution
aimed at creating demand among the target market
Ex.2. Study the following additional definitions and translate them into your mother tongue:
product item a specific, unique product;
product line a group of similar types of product items
that are closely related;
product mix the total of all product items and product
lines offered for sale by a company;
brand a distinctive sign, trade-mark used to identify
a product or its manufacturer or distributor;
wholesaler marketing intermediary that buys products from producers
and sell them to other wholesalers, retailers, or industrial
users;
retailer marketing intermediary that sells directly to final
consumers;
target market the market that appears most promising in
terms of highest and most probable profit margins
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