Ch9- TERMS- DEveloping a Marketing Strategy & Marketing Plan
Ch 9- Terms
brand |
a unique name, symbol, or design that identifies a product, service, or company |
emergency goods |
products or services that are purchased as a result of an urgent need |
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image |
a unique, memorable quality of a brand |
impulse goods |
items purchased on the spur of the moment without advance planning |
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marketing plan |
a clear written description of the marketing strategies of a business and the way the business will operate to accomplish each strategy |
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mission |
the nature of the business or the reasons the business exists |
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product life cycle |
identifies the stages a product goes through from the time it enters the market until it is no longer sold |
specialty goods |
products that have a strong brand loyalty |
staple goods |
products that are regular, routine purchases |
unsought goods |
products that consumers do not want to buy |