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Decoding-the step in the communication process in which the receiver accepts and interprets the message. See Communication Process, Encoding.
Basic_Accountin-the balancing relationship between a firm's assets and the sum of its liabilities and equity.
a method of collecting qualitative marketing research data in which respondents are asked to imagine they are dreaming or fantasising, whilst in this state, a researcher seeks their emotional reactions to particular products and brands. See Qualitative Marketing Research.
Fad
a product, especially a fashion, that comes quickly to the attention of an eager public, achieves pe ...
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RDC-abbrev. Regional Distribution Centre.
Recognition_Tes-a means of evaluating the effectiveness of a firm's recent advertising, respondents are shown an advertisement, asked if they have seen it before, and, if so, are quizzed on its contents.
Sales_Leads
telephone inquiries, letters, responses to advertising or direct mail, etc that direct a salesperson ...
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Reinforcement-the reward or punishment delivered by a particular response to a stimulus.
Formula_Marketi
a term used to describe an approach to marketing practice which relies heavily on conventional wisdo ...
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Merchandisers-retail stores which sell finished, non-food items, four types of merchandisers (categorised on the basis of service, price and product line) can be identified: specialty stores (full-service, high-price, limited product line), department stores, mass merchandisers, and discount stores (limited-service, low-price, wide product line).
Private_Label-see Private Brand.
Extensive_Probl
buying situations which require considerable effort because the buyer has had no previous experience ...
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Copy_Strategy_S-a document prepared by advertising agency executives as a guide for their creative staff in the preparation and execution of an advertisement, the copy strategy statement describes the objectives, content, support and tone of the desired advertisement.
Limited_Line_St-the decision by a producer to offer a lesser number of product variations than is possible. See Full-Line Strategy.
Continuum_of_Sa
the idea that all kinds of sales jobs are similar in some respects but vary in the degree of difficu ...
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Corporate_Objec-specific, realistic and measurable goals which an organisation plans to achieve within a given period of time.
Brand_Leveragin-broadening a company's product range by introducing additional forms or types of products under a brand name which is already successful in another category. Also called Product Leveraging, Brand Extension and Franchise Extension.