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Product: A bundle of attributes (features, functions, benefits, and uses) capable of exchange or use; usually a mix of tangible and intangible forms. Physical good; Service; Features; Benefits; Quality level; Accessories; Installation; Instructions; Warranty; Product lines; Packaging and Branding
Place: Marketing designed to influence target audiences to behave in some positive manner with respect to the products or services associated with a specific place. Objectives; Channel type; Market exposure; Kinds of intermediaries; Kinds of locations of stores; How to handle transporting and storing; Service levels; Recruiting intermediaries and Managing Channels
Price: The formal ratio that indicates the quantities of money goods or services needed to acquire a given quantity of goods or services. Objectives; Flexibility; Discounts and Allowances
Promotion: The various communication techniques such as advertising, personal selling, sales promotion, and public relations/product publicity available to a marketer that are combined to achieve specific goals. Objectives; Promotion blend; Salespeople (e.g. kind, number, selection, training, motivation); Advertising (e.g. targets, kinds of ads, media type); Publicity; and Sales Promotion
Target Market: The particular segment of a total population on which the retailer focuses its merchandising expertise to satisfy that submarket in order to accomplish its profit objectives Innovation: In the marketing literature, innovation implies the introduction of a new product, idea, or service into the market place. REFERENCE: AMA Dictionary. (n.d.). Retrieved January 20, 2019, from https://www.ama.org/resources/Pages/Dictionary.aspx?dLetter=P