Marketing Dictionary

another definition in the dictionary:

Face_Validity-the apparent plausibility of the results of marketing research, which on the basis of logic and common sense, seems to be correct.

Reorder_Level-see Economic Order Quantity.

SELECT

acronym for Situation analysis, Explicit statement of the problem, Laying out the research design and collecting data, Evaluating the data and making a decision, Creating a plan to implement the decision and Testing the correctness of the decision - a six-step approach to the process of marketing research.



see also:

ASC
abbrev. Advertising Standards Council. ...

another definition in the dictionary:

Audimeter-an electronic device to record which particular television channel is tuned to by a household, marketing research firms use audimeters attached to a sample of TV sets to measure national exposure to TV advertisements, commonly referred to as a 'peoplemeter' or 'black box'. See Advertising Effectiveness.

Fluctuating_Dem-demand in the industrial sector which rises and falls sharply in response to changing economic conditions and consumer spending patterns.

Services_Charac
the features of services that distinguish them from tangible products, these are intangibility, vari ...

another definition in the dictionary:

AMI-abbrev. Australian Marketing Institute.

Disjunctive_Mod-a model used in the study of consumer decision processes to evaluate alternative brands, the idea that consumers, about to make a purchase, evaluate competing brands on the basis of one or a few attributes, ignoring their standing on other attributes. Other models of brand evaluation include the expectancy-value model, ideal brand model, conjunctive model, lexicographic model and determinance model.

High_Touch_Serv
customer service that is characterised by a high level of personal contact with customers, as oppose ...

another definition in the dictionary:

Product_Objecti-an objection by a prospective buyer to the quality or characteristics of the goods offered by a salesperson. See Objections.

RDC-abbrev. Regional Distribution Centre.

Compatibility
the extent to which a new product requires consumers to adjust to unfamiliar methods of use, a major ...

another definition in the dictionary:

Customer_Servic-a wide variety of activities intended to ensure that customers receive the goods and services they require to satisfy their needs or wants in the most effective and efficient manner possible.

Affordable_Meth-see All-We-Can-Afford Method.

Break_Even
the point at which total revenue is equal to total cost. ...

another definition in the dictionary:

Captive_Product-a product made specifically to be used with another, such as a refill with a ball-point pen, a blade with a razor, a battery with a torch, etc.


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