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9 Cards in this Set

  • Front
  • Back

identify the market, determine strategies, make a plan, know your target market

Marketing Planning

gathering data about customers


use information to make good business decisions


usually through market research


-survey, focus group, interviews

Marketing Info Management

developing and improving products in response to customer trends (wants/needs)

Product/ Service Management

providing tools for customers to purchase product methods used to start up a business (ex: bank loans)

Financing

Deciding how much to charge for goods and services in order to maximize profit

Pricing

Transporting, storing


products


finding vendors


working with channels members


where product are sold


deciding how products get from producer to consumer

Channel Management (Distribution)

non-personal communication used to inform, persuade or remind customers about a business's products

Promotion

Communicating with customers


providing customers with goods and services they want

selling

business management and entrepreneurship,


communication interpersonal skills,


economics, and


professionial development

four foundations of marketing