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Published byRoss Armstrong Modified over 5 years ago
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Functions of Marketing
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Understanding Customers
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Marketing Mix
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Communication
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Vocabulary
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Understanding Customers
Functions of Marketing Understanding Customers Marketing Mix Communication Vocabulary $ $100 $100 $100 $100 $100 $200 $200 $200 $200 $200 $300 $300 $300 $300 $300 $400 $400 $400 $400 $400 $500 $500 $500 $500 $500
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C 1 - $100 Which marketing function involves communicating directly with potential customers to determine their needs?
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C 1 - $200 Businesses that take part in a channel of distribution are known as this
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C 1 - $300 Any form of communication used to inform, persuade, or remind is called this
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Setting and communicating the value of products and services
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C 1 - $500 Budgeting for marketing activities, obtaining the necessary funds needed for operations, and providing financial assistance to customers so they can purchase the business’ products and services
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step in the consumer decision-making process?
What is the first step in the consumer decision-making process?
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customers that have similar wants and needs
The specific group of customers that have similar wants and needs
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C 2 - $300 Finding solutions to problems through carefully designed studies involving consumers
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The reasons consumers decide what products and services to purchase
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C 2 - $500 A marketing research study that gathers the ideas, experiences, and opinions from a small number of consumers
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customer pays for a product or service
The money a customer pays for a product or service
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Contests, games, and product give-aways are examples of this
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Everything a business offers to satisfy a customer’s needs
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C 3 - $400 Determining the best ways for customers to locate, obtain, and use an organization’s products and services
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What are the four elements of a marketing mix
C 3 - $500 What are the four elements of a marketing mix
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C 4 - $100 The person or organization that has information to communicate to another person
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C 4 - $200 The way information being communicated from a sender is being transmitted to the receiver
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This type of selling is usually done face-to-face with the customer
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The exchange of information so there is common understanding by
all participants
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Preparing the information to be communicated
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Services have no physical form so they are considered this
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Additions and improvements
C 5 - $200 Additions and improvements to a basic product
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Services are consumed at the same time they
are produced so they are considered this
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The difference between the selling price and
the product costs
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C 5 - $500 A channel in which products move from the producer to the consumer through one or more other businesses
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C 1 A - $100 Selling $
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C 1 A - $200 Channel Members $
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C 1 A - $300 Promotion $
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C 1 A - $400 Pricing $
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C 1 A - $500 Financial Analysis $
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C 2 A - $100 Recognize a need $
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C 2 A - $200 Target Market $
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C 2 A - $300 Marketing Research $
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C 2 A - $400 Buying Motives $
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C 2 A - $500 Focus Group $
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C 3 A - $100 Price $
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C 3 A - $200 Sales Promotion $
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C 3 A - $300 Product $
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C 3 A - $400 Distribution $
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C 3 A - $500 Product Distribution Price Promotion $
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C 4 A - $100 Sender $
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C 4 A - $200 Communication Channel $
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C 4 A - $300 Personal Selling $
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C 4 A - $400 Effective Communication $
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C 4 A - $500 Encoding $
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C 5 A - $100 Intangible $
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C 5 A - $200 Product Features $
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C 5 A - $300 Inseparable $
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C 5 A - $400 Gross Margin $
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C 5 A - $500 Indirect channel of distribution $
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FJ Topic Marketing Research $
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FJ Question This type of marketing research study gathers information from people using a carefully planned set of questions $
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FJ Ans SURVEY $
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