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MKTG 3001 Exam 1 UMN with 100%solved answers

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MKTG 3001 Exam 1 UMN

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Definition



Features are what a product offers, benefits are what a customer
gets from those features (It's what the product offers, its benefits)
- Smart phone



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Perceived value Aesthetic value




Social value Functional value


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Definition



Something that offers a product or service



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Control Person




Mission Organization


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Definition



Limited, long-term view, memorable, company lives by it



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Marketing Plan Values Statement




Mission Statement Vision Statement


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4 of 20

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