Foundations of Marketing |
Key Concepts & Strategies
Study Guide PDF
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of Marketing _ Key Concepts & Strategies Study Guide PDF.pdf 1 Foundations of Marketing _ Key Concepts & Strategies Study Guide PDF.pdf
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What is marketing? The process of creating, distributing,
promoting, and pricing goods, services,
and ideas to facilitate satisfying exchange
relationships with customers.
What is the primary focus of Customers, who are the purchasers of
marketing? organizations' products.
Define target market. A specific group of customers on whom an
organization focuses its marketing efforts.
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What are the four components Product, price, distribution, and promotion.
of the marketing mix?
What does the product variable Creating or modifying brand names and
in marketing involve? packaging, and may include decisions
regarding warranty and repair services.
How is price defined in the Decisions and actions associated with
marketing mix? pricing objectives and policies and actual
product prices.
Foundations of Marketing_ Key Concepts and Strategies.pdf 3 Foundations of Marketing_ Key Concepts and Strategies.pdf