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WorksheetsEntrepreneurship Vocabulary 8
Total questions: 39
Worksheet time: 20mins
is the percentage of a given market population that is buying a product or service from a particular business
marketing
marketing plan
market share
marketing mix
a detailed guide with two primary parts:
⦁ Marketing goals
⦁ Strategies for reaching your goals (the marketing mix)
marketing
marketing plan
market share
marketing mix
How a company chooses to combine the 5 P's
marketing
marketing plan
market share
marketing mix
The process you use to make potential customers aware of your product or service and to influence them to buy it.
features
promotion
benefits
product mix
what it does and how it appears to the senses (sight, sound, taste, smell, and touch)
features
promotion
benefits
product mix
the reasons customers choose to buy it
features
promotion
benefits
product mix
combination of products a business sells
features
promotion
benefits
product mix
often referred to as a logo
brand
product positioning
Mind
share
brand mark
process of creating a strong image is called
brand
product positioning
Mind
share
brand mark
the awareness or popularity a certain product has with consumers
brand
product positioning
Mind
share
brand mark
is a marketing strategy that can create an emotional attachment to your product in the mind of the consumer
brand
product positioning
Mind
share
brand mark
various ways that a product can reach the consumer
distribution channels
direct
channel
indirect channel
intermediary
the bridge between a producer and a consumer
distribution channels
direct
channel
indirect channel
intermediary
a pathway in which a product goes from the producer straight to the consumer
distribution channels
direct
channel
indirect channel
intermediary
a pathway in which the product goes from the producer to one or more intermediaries before it reaches the consumer
distribution channels
direct
channel
indirect channel
intermediary
gives a specific retailer, or authorized dealer, the sole right to sell a product in a particular geographical area
Exclusive distribution
intensive distribution
selective distribution
the practice of combining the price of several services (and/or physical products) into one price
markdown price
bundling
promotional mix
AIDA
a popular communication model used by companies to plan, create, and manage their promotions.
markdown price
bundling
promotional mix
AIDA
combination of promotional elements that a business chooses
markdown price
bundling
promotional mix
AIDA
A public, promotional message paid for by an identified
sponsor or company.
Advertising.
Visual merchandising.
Public relations
Publicity.
Using artistic displays to attract customers
into a store. It also refers to how products are visually promoted
inside a store.
Advertising.
Visual merchandising.
Public relations
Publicity.
Activities aimed at creating goodwill
toward a product or company.
Advertising.
Visual merchandising.
Public relations
Publicity.
A form of promotion for which a company does not
pay. It is sometimes referred to as “free advertising.”
Advertising.
Visual merchandising.
Public relations
Publicity.
Direct (one-to-one) efforts made by a company’s sales representatives to get sales and build customer relationships.
Advertising.
Visual merchandising.
Public relations
Personal selling
A short-term activity or buying incentive, such as conducting product demonstrations or providing coupons or free samples.
Sales promotion
Visual merchandising.
Public relations
Personal selling
an electronic advertisement
media
direct mail
Infomercials
product placement
web banner
a company pays a fee to have a product
displayed during a movie or television show in a prominent or
obvious manner
media
direct mail
Infomercials
product placement
web banner
Another form of print advertising...is one-to-one communication
media
direct mail
Infomercials
product placement
web banner
communication channels
media
direct mail
Infomercials
product placement
web banner
written statement that typically consists of several paragraphs of factual information about a product or business
press release
pitch letter
premium
is often sent with a press release to introduce it
press release
pitch letter
premium
This approach communicates with your prospects and customers from all directions; it blends low-tech and high-tech methods to deliver your message to customers in as many ways as possible.
Telemarketing
networking
newsgroup
360° marketing
to find new customers and promote products
Telemarketing
networking
newsgroup
360° marketing
promoting or selling products or services one-to-one over the telephone
Telemarketing
networking
newsgroup
360° marketing
group of specific promotional activities built around a particular theme
or goal
promotional campaign
networking
newsgroup
360° marketing
When two companies share the cost of advertising, it is called
cooperative advertising
trade-out
CPM (cost-per-thousand)
the amount it will cost you to reach 1,000 potential customers with a particular advertising type and time slot
cooperative advertising
trade-out
CPM (cost-per-thousand)
a bartering practice whereby you trade your company’s products or services for air time on a radio station
cooperative advertising
trade-out
CPM (cost-per-thousand)
a way of presenting your business to your customers
marketing
marketing plan
market share
marketing mix
