Marketing Dictionary

another definition in the dictionary:

AIDA_Concept-a formula used in selling to produce a favourable response from a customer. The assumption is that the salesperson must first make the potential customer aware of a product, foster interest, stimulate desire, and, finally, encourage action (to purchase). See Formula Selling.

Clincher-an additional inducement offered to a potential buyer by a salesperson in order to close a sale, inducements might include price discounts, rebates, extended credit, reduced delivery charges, etc.

Advertising_Res

research done to test the effectiveness of advertising, this may include the pre-testing and post-evaluating of specific advertisements and campaigns. Communication-effect research attempts to measure whether the advertising communicates effectively, sales-effect research attempts to measure whether it produces the desired level of sales.



see also:

Prototype_Testi
the trialling of a sample of a newly developed product on selection of customers from the target mar ...

another definition in the dictionary:

Advertising_App-see Advertising Budget.

Just_In_Time_Pu-see Just-In-Time Inventory System.

Multinational_C
an organisation operating in several countries, often having a substantial share of their total asse ...

another definition in the dictionary:

Experimental_Re-a systematic and scientific approach to marketing research in which the research manipulates one or a number of variables and measures any change in other variables.

Error_Rate-the percentage of errors (wrong items, wrong quantity, wrong address, etc.) made in shipping merchandise to customers.

Limited_Service
a marketing research firm which offers clients fewer services than a full-service research supplier. ...

another definition in the dictionary:

Customer_Driven-a system of distribution designed with customer requirements rather than a company's convenience in mind.

Singles_Market-a market segment, regarded as both a lifestyle and a demographic category, which includes widowed and divorced people as well as 'never-been-married' singles.

Promotional_Bud
the sum allocated in a particular accounting period for expenditure on promotion. ...

another definition in the dictionary:

Compatibility-the extent to which a new product requires consumers to adjust to unfamiliar methods of use, a major determinant of the rate of new product adoption. See Adoption Rate Determinants.

Person_Marketin-marketing activity aimed at creating target market awareness, and a favourable opinion, of a particular person.

Bait_Advertisin
an advertising practice, now illegal in Australia, in which attractive, low-priced goods, few or any ...

another definition in the dictionary:

Asset_Based_Mar-a marketing approach which uses the knowledge and skills a company has already developed as the basis for growth.

Dominant_Design-a product configuration which endures, a particular combination of product features which appears to satisfy the market and survives, without major change, for some time.


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