Marketing Dictionary

another definition in the dictionary:

Non_Profit_Mark-marketing activity undertaken by a firm whose primary objective is one other than profit, sometimes called Non-Business Marketing.

Experience_Curv-the pricing of a product at a lower than average-cost level on the basis that costs will decrease as production experience increases.

Service_Form_Co

organisations offering products of different types which can help an individual to fulfil a particular desire. For example, a person who wants to do a creative hobby course could enrol in a photography course conducted by the YWCA or a painting course conducted by the Council of Adult Education, these course providers are service form competitors..



see also:

No_Need_Objecti
an objection raised by a prospective buyer on the ground that the product offered by a salesperson i ...

another definition in the dictionary:

Inertia_Selling-a selling practice in which unsolicited goods and services are sent to consumers in expectation that many will prefer to purchase rather than to return them, the practice is considered undesirable and legislation protecting consumers has been enacted.

Buying_Power-the resources, especially financial, that customers have at a given time.

Economic_Order_
the optimum quantity of each product that must be ordered to balance the inventory holding costs aga ...

another definition in the dictionary:

Qualitative_Mar-marketing research which is not generally quantifiable, research which seeks insights into a marketing situation but which does not require statistical accuracy. Qualitative research techniques include focus groups, depth interviews and projection techniques such as free associations, psychodrawing and psychodrama. See Quantitative Marketing Research.

Customer_Value_-an organisation's rating of the value it provides to its customers relative to that provided by its competitors.

Drop_Error
a mistake made by a company in deciding to abandon a new product idea that, in hindsight, might have ...

another definition in the dictionary:

Channel_Captain-a member of a marketing channel assuming a leadership role in organising the system in order to lessen conflict, achieve economies of scale and maximise business impact. See Marketing Channels.

Hierarchy_of_Ef-various illustrations of the notion that marketing promotion induces consumers to move in steps from one mental state to the next before eventually deciding to purchase a particular product, in the AIDA model the steps, in ascending order, are awareness, interest, desire and action, while in Lavidge and Steiner's expanded model (1962) they are ignorance, awareness, knowledge, liking, preference, conviction and purchase.

Kickback
a bribe or illegal payment offered to an organisational buyer in order to obtain the business, commo ...

another definition in the dictionary:

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.

Marketing_Depar-a term used to refer to the orientation of an organisation which has established a separate department to look after its marketing activities but which is not totally imbued with the marketing philosophy.

Situation_Analy
the process of gathering information on the internal and external environments to assess the firm's ...

another definition in the dictionary:

In_Store_Media-in-house media, usually radio or TV networks, inside department or variety stores to encourage foot traffic and generate more sales, music and news, as well as commercials and promotion, are carried by the media.

Sponsorship-see Corporate Sponsorship.


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