Marketing Dictionary

another definition in the dictionary:

Asch_Phemonenon-a tendency, first recorded by the psychologist S.E.Asch, for an individual's purchase decisions to be influenced highly by reference groups and group norms. See Group Influences, Reference Group.

Average_Total_C-a measure of cost control, calculated by dividing the total cost of the goods produced by the number of units sold.

Route_Salesforc

a sales team consisting of salespeople who call on existing customers to take orders for the company's products, the route sales force does not sell in the traditional sense, but merely inspects a retailer's shelves and restocks them as required.



see also:

Leader_Pricing
see Loss Leader Pricing. ...

another definition in the dictionary:

Accessibility-one of the four major requirements (with actionability, measurability and substantiality) for useful market segmentation, accessibility expresses the notion that the segment targeted must be able to be reached and served adequately by the firm's promotion and distribution system. See Actionability, Measurability, Substantiality.

Impulse_Goods-goods which are purchased quickly because of a sudden urge to have them. See Convenience Goods.

Product_Line_Fi
introducing new products into a product line at about the same price as existing products. See Produ ...

another definition in the dictionary:

Place_Strategy-the element of a firm's decision-making concerned with developing an efficient and effective means of storing and handling finished products and of getting them efficiently to the target market.

Pre_Testing-the testing of a questionnaire, advertisement, etc on respondents selected from the target market before using it in a full-scale research study, campaign, etc. See Questionnaire Pre-testing.

Common_Market
a group of geographically associated countries limiting trade barriers among member nations and appl ...

another definition in the dictionary:

Drip_Advertisin-limited expenditure on advertising over a relatively long period of time. See Burst Advertising Expenditure.

Introductory_St-the first stage in the life cycle of a successful product, the product wins acceptance relatively slowly, there are limited versions of it, there is no competition, distribution is patchy, promotion is designed to inform the market (rather than to persuade or remind), penetration or skimming pricing strategies are appropriate.

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

another definition in the dictionary:

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.

Price_Elastic_S-segments of the market which are more responsive to price changes than other segments of the market. See Price Elasticity.

Safety_Needs
the desire of humans for safety, shelter, security and warmth. See Maslow's Hierarchy of Needs. ...

another definition in the dictionary:

Order_Getter-a salesperson responsible for actively persuading customers to buy rather than simply collecting orders that the customers wish to place. See Order Taker.

Conjoint_Analys-a statistical technique used to determine the optimal combination of variables.


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