Marketing Dictionary

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Industrial_Good-goods and services purchased by industrial buyers for use in the production of their own goods and services or in the conduct of their business, industrial goods can be broadly classified as equipment, raw materials and services. See Industrial Product Classes.

Situation_Analy-the process of gathering information on the internal and external environments to assess the firm's current strengths, weaknesses, opportunities and threats and to guide its goals and objectives. See SWOT Analysis.

FACTS

abbrev. Federation of Australian Commercial Television Stations.



see also:

Less_Than_Carlo
a U.S. term for the freight rate charged by a railroad company when a producer's shipment is less in ...

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Foreign_Market_-expansion by entering an overseas market, the four possible ways of entry an overseas market are by exporting, licensing, joint venturing or direct ownership.

Prototype-rly version of a new product made or built specifically for trialling and testing.

Guided_Dreams_
a method of collecting qualitative marketing research data in which respondents are asked to imagine ...

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Non_probability-a sample in which the chance of an individual within the total population being chosen is not known.

POSSLQ-abbrev. Persons of Opposite Sex Sharing Living Quarters, sometimes written as POSLSQ - Persons of Opposite Sex Living in Same Quarters.

Gap_Analysis
the determination of the methods and techniques used to fill the 'gap' between corporate sales and f ...

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Dollar_Volume_Q-a common form of sales assignment, goal or target used to measure a salesperson's performance, for example, the salesperson may be told that his or her sales must total $400,000 during the coming year. Other common forms of sales quotas are unit volume quotas, gross margin quotas, net profit quotas and activity quotas. See Sales Quota.

Direct_Response-a form of non-store retailing in which customers order merchandise by mail or telephone and the goods are shipped direct to their homes, also referred to as Direct-Response Selling. See At-Home TV Shopping.

Cross_Elasticit
a measure of the affect a change in the price of one product will have on the demand for a substitut ...

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Sales_Calls-the visits salespeople make to a buyer's premises in order to sell their companies' products.

Command_System-see Planned Economy, Controlled Allocation System.

Endorsements
recommendations to purchase a particular brand of product made in advertisements by well-known perso ...

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Credit-the allowance of time in which to pay for a purchase. See Consumer Credit.

Mark_Up_Ratio-the difference between the buying price of an article and its selling price, normally expressed as a percentage of the selling price, that is, if a firm buys a product at $72 and sells it for $90, the mark-up is $18, and the mark-up ratio is 20 per cent, $18 being one-fifth of $90.


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