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Entrepreneurship Vocabulary 8

Total questions: 39

Worksheet time: 20mins

Name
Class
Date
1.

is the percentage of a given market population that is buying a product or service from a particular business

a)

marketing

b)

marketing plan

c)

market share

d)

marketing mix

2.

a detailed guide with two primary parts:

⦁ Marketing goals

⦁ Strategies for reaching your goals (the marketing mix)

a)

marketing

b)

marketing plan

c)

market share

d)

marketing mix

3.

How a company chooses to combine the 5 P's

a)

marketing

b)

marketing plan

c)

market share

d)

marketing mix

4.

The process you use to make potential customers aware of your product or service and to influence them to buy it.

a)

features

b)

promotion

c)

benefits

d)

product mix

5.

what it does and how it appears to the senses (sight, sound, taste, smell, and touch)

a)

features

b)

promotion

c)

benefits

d)

product mix

6.

the reasons customers choose to buy it

a)

features

b)

promotion

c)

benefits

d)

product mix

7.

combination of products a business sells

a)

features

b)

promotion

c)

benefits

d)

product mix

8.

often referred to as a logo

a)

brand

b)

product positioning

c)

Mind

share

d)

brand mark

9.

process of creating a strong image is called

a)

brand

b)

product positioning

c)

Mind

share

d)

brand mark

10.

the awareness or popularity a certain product has with consumers

a)

brand

b)

product positioning

c)

Mind

share

d)

brand mark

11.

is a marketing strategy that can create an emotional attachment to your product in the mind of the consumer

a)

brand

b)

product positioning

c)

Mind

share

d)

brand mark

12.

various ways that a product can reach the consumer

a)

distribution channels

b)

direct

channel

c)

indirect channel

d)

intermediary

13.

the bridge between a producer and a consumer

a)

distribution channels

b)

direct

channel

c)

indirect channel

d)

intermediary

14.

a pathway in which a product goes from the producer straight to the consumer

a)

distribution channels

b)

direct

channel

c)

indirect channel

d)

intermediary

15.

a pathway in which the product goes from the producer to one or more intermediaries before it reaches the consumer

a)

distribution channels

b)

direct

channel

c)

indirect channel

d)

intermediary

16.

gives a specific retailer, or authorized dealer, the sole right to sell a product in a particular geographical area

a)

Exclusive distribution

b)

intensive distribution

c)

selective distribution

17.

the practice of combining the price of several services (and/or physical products) into one price

a)

markdown price

b)

bundling

c)

promotional mix

d)

AIDA

18.

a popular communication model used by companies to plan, create, and manage their promotions.

a)

markdown price

b)

bundling

c)

promotional mix

d)

AIDA

19.

combination of promotional elements that a business chooses

a)

markdown price

b)

bundling

c)

promotional mix

d)

AIDA

20.

A public, promotional message paid for by an identified

sponsor or company.

a)

Advertising.

b)

Visual merchandising.

c)

Public relations

d)

Publicity.

21.

Using artistic displays to attract customers

into a store. It also refers to how products are visually promoted

inside a store.

a)

Advertising.

b)

Visual merchandising.

c)

Public relations

d)

Publicity.

22.

Activities aimed at creating goodwill

toward a product or company.

a)

Advertising.

b)

Visual merchandising.

c)

Public relations

d)

Publicity.

23.

A form of promotion for which a company does not

pay. It is sometimes referred to as “free advertising.”

a)

Advertising.

b)

Visual merchandising.

c)

Public relations

d)

Publicity.

24.

Direct (one-to-one) efforts made by a company’s sales representatives to get sales and build customer relationships.

a)

Advertising.

b)

Visual merchandising.

c)

Public relations

d)

Personal selling

25.

A short-term activity or buying incentive, such as conducting product demonstrations or providing coupons or free samples.

a)

Sales promotion

b)

Visual merchandising.

c)

Public relations

d)

Personal selling

26.

an electronic advertisement

a)

media

b)

direct mail

c)

Infomercials

d)

product placement

e)

web banner

27.

a company pays a fee to have a product

displayed during a movie or television show in a prominent or

obvious manner

a)

media

b)

direct mail

c)

Infomercials

d)

product placement

e)

web banner

28.

Another form of print advertising...is one-to-one communication

a)

media

b)

direct mail

c)

Infomercials

d)

product placement

e)

web banner

29.

communication channels

a)

media

b)

direct mail

c)

Infomercials

d)

product placement

e)

web banner

30.

written statement that typically consists of several paragraphs of factual information about a product or business

a)

press release

b)

pitch letter

c)

premium

31.

is often sent with a press release to introduce it

a)

press release

b)

pitch letter

c)

premium

32.

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.

a)

Telemarketing

b)

networking

c)

newsgroup

d)

360° marketing

33.

to find new customers and promote products

a)

Telemarketing

b)

networking

c)

newsgroup

d)

360° marketing

34.

promoting or selling products or services one-to-one over the telephone

a)

Telemarketing

b)

networking

c)

newsgroup

d)

360° marketing

35.

group of specific promotional activities built around a particular theme

or goal

a)

promotional campaign

b)

networking

c)

newsgroup

d)

360° marketing

36.

When two companies share the cost of advertising, it is called

a)

cooperative advertising

b)

trade-out

c)

CPM (cost-per-thousand)

37.

the amount it will cost you to reach 1,000 potential customers with a particular advertising type and time slot

a)

cooperative advertising

b)

trade-out

c)

CPM (cost-per-thousand)

38.

a bartering practice whereby you trade your company’s products or services for air time on a radio station

a)

cooperative advertising

b)

trade-out

c)

CPM (cost-per-thousand)

39.

a way of presenting your business to your customers

a)

marketing

b)

marketing plan

c)

market share

d)

marketing mix