Marketing Dictionary

another definition in the dictionary:

Down_Market_Con-consumers who habitually look for, and purchase, low-priced rather than more expensive products. See Up-Market Consumers.

Long_Run_Averag-the average cost per unit of a set or group of products in the long term. Note that the long-run average cost may be somewhat lower than the short term average cost because of the effects of greater production experience. See Average Cost, Short-Run Average Cost.

Area_Market_Pot

an estimate of the amount of sales, in units and dollars, that might be possible in a given territory or region under a given level of industry marketing effort under given environmental conditions.



see also:

Account_Strateg
broad methods employed in achieving the objectives set by a salesperson for a particular account. ...

another definition in the dictionary:

Product_Warrant-see Warranty, Express Warranty, Implied Warranty.

Full_Function_M-see Full-Service Wholesaler.

Adaptive_Strate
domestic marketing tactics, plans and methods which have been altered to suit local conditions in fo ...

another definition in the dictionary:

Designated_Mark-See Area Of Influence.

Consumer_Wearou-a decrease in the effectiveness of an advertisement or promotional campaign due to boredom and familiarity.

Receiver
the target of a message in the communication process. ...

another definition in the dictionary:

Distribution_St-see Place Strategy.

Continuity-the scheduling of media exposures of a particular advertisement or campaign evenly within a given period. See Flighting, Pulsing.

Single_Source_D
marketing research information, collected from the same source - by people-meters and scanning devic ...

another definition in the dictionary:

Closing_Skill-the ability of a salesperson to obtain the buyer's commitment to the purchase.

Statistical_Ban-a range of statistical techniques used in analysis in a marketing information system to discover the degree of reliability of the data collected and the relationships within it. See Marketing Information System.

Goals
aims of a broad, long-term nature as opposed to objectives which are more explicit and relate to a s ...

another definition in the dictionary:

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.

Learning_Proces-the way in which an individual's behaviour changes as a result of previous experiences, the process consists of four basic components - a stimulus or cue which creates a drive, the drive which motivates the individual to make a response, the response or action undertaken by the individual, and reinforcement by means of reward or punishment which determines whether the individual will act in that way again.


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