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market
kezdjen tanulni
all the potential customers share a particular need or want
marketing
kezdjen tanulni
the process of developing, pricing, distributing and promoting the goods or services that satisfy such needs
marketing combines 6
kezdjen tanulni
research, product development, distribution, advertising, promotion, product improvement
6 P
kezdjen tanulni
product, price, promotion, place, packaging, ppl
market leader
kezdjen tanulni
firm with a much larger market share than its competitors
market challenger
kezdjen tanulni
a company that number two in an industry, but which would like to become nr1
market follower
kezdjen tanulni
a smaller company in an industry, more or less content with its existing market share
market nichers
kezdjen tanulni
small, specialised companies, which target segments within segments
monopoly
kezdjen tanulni
a market in which one single producer can fix an artifically high price
oligopoly
kezdjen tanulni
a market dominated by a few large suppliers and which it is hard for new companies to break into
cartel
kezdjen tanulni
a group of companies which chose to collaborate by sharing out markets, co-ordinating their prices and so on
dominant-firm oligopoly
kezdjen tanulni
a situation in which the market leader can determine the price that its competitors can charge
natural monopoly
kezdjen tanulni
a market in which it is normal to have only one supplier -e.g. utilities such as water and sewage
differential advantage
kezdjen tanulni
a feature that makes you stand out
selling point
kezdjen tanulni
feature which makes your product sell well
point of sale
kezdjen tanulni
place where we sale
market driven economy
kezdjen tanulni
an economy controlled by market forces rather than by government action
price skimming
kezdjen tanulni
a product pricing strategy by which firm charges the highest initial price that customers will pay
product life cycle
kezdjen tanulni
introduction, growth, maturity, decline
economies of scale
kezdjen tanulni
a proportionate saving in costs gained by an increased level of production
market penetration strategy
kezdjen tanulni
selling the product at as low a price as possible in order to attain a large market share
product recall
kezdjen tanulni
request from a manufacturer to return a product after the discovery or safety issues
undercover marketing
kezdjen tanulni
marketing in which customers do not realize they are being marketed to
e-marketing
kezdjen tanulni
using electronic media like email or SMS to promote products
direct marketing
kezdjen tanulni
promoting products to target customers, eg through addressed mail
product placement
kezdjen tanulni
putting products or references to product in media like films
viral marketing
kezdjen tanulni
marketing that spreads from consumer to consumer, often online
advertising
kezdjen tanulni
persuading ppl to buy a product or service by announcing it on eg TV
4 C
kezdjen tanulni
customer solution, cost, convienience, communication
mix coherency
kezdjen tanulni
refers to how well the components of the mix are blended together
mix dynamics
kezdjen tanulni
refers to how the mix is adapted to a changing business environment
determining market segmentation
kezdjen tanulni
is about adapting the marketing mix to different customer subgroups

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