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the ability for marketers to obtain digital information
test marketing
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a trial mini launch of a product in limited areas that represent the potential
market
perception
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the process by which a person selects, organizes, and interprets
information received from his or her senses
publicity
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nonpersonal communication transmitted through the mass media but not
paid for directly by the firm
digital marketing
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uses all digital media, including the internet and mobile and interactive
channels, to develop communication and exchanges with customers
direct marketing
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the use of non personal media to communicate products, information, and
the opportunity to purchase via media such as mail, telephone, or the
internet
,mobile advertisements
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visual advertisements that appear on mobile devices
reference pricing
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a type of psychological pricing in which a lower-priced item is compared
to a more expensive brand in hopes that the consumer will use the higher
price as a comparison price
marketing analytics
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uses data that has been collected to measure, interpret, and evaluate
marketing decisions
maturity stage
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, sales continue to increase at the beginning but then the sales curve peaks
and starts to decline while profits continue to decline, severe competition
and heavy expenditures
wiki
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a website where users can add to or edit the content of posted articles
exchange
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the act of giving up one thing (money, credit, labor, goods) in return for
something else (goods, services, or ideas)
middlemen
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organizations that bridge the gap between a product's manufacturer and
the ultimate consumer
aka intermediaries
consumer products