last exam

 0    160 flashcards    mateuszremiszewski
download mp3 print play test yourself
 
Question Answer
Marketing mix (4Ps)
start learning
Product, price, place, and promotion in a marketing strategy.
Market leader
start learning
The top-selling company in a market.
Market challenger
start learning
The second strongest competitor aiming to overtake the leader.
Market follower
start learning
A company that imitates the market leader’s strategy.
Market niche
start learning
A small, specialized market segment.
Market forces
start learning
Economic factors affecting supply and demand.
Market trends
start learning
General directions in which a market is moving.
To customize/to tailor a product
start learning
To adapt a product to individual needs.
A custom-made/ a tailor-made product
start learning
A product designed for a specific user.
Market segmentation (methods of market segmentation)
start learning
Dividing a market by demographics, behavior, etc.
Marketing strategy
start learning
A company’s overall marketing approach.
Marketing plan
start learning
A detailed plan for promoting a product or service.
Marketing drive
start learning
A focused marketing campaign.
Marketing expenditure
start learning
The total cost spent on marketing.
Product lifecycle
start learning
The stages of a product from launch to decline.
Product line
start learning
A group of related products offered by a company.
Product mix/ range / portfolio
start learning
All the products a company sells.
Brand awareness/recognition
start learning
Consumer familiarity with a brand.
Brand preference
start learning
Favoring one brand over others.
Brand loyalty
start learning
Consistent consumer preference for a brand.
Brand insistence
start learning
Refusal to accept substitutes for a preferred brand.
Quantitative vs qualitative data, research
start learning
Numerical vs descriptive data and methods.
Primary vs secondary data
start learning
First-hand data vs existing data sources.
A focus group
start learning
A selected group giving feedback on products.
Markup
start learning
The difference between cost and selling price.
Breakeven analysis, breakeven point
start learning
The point where costs equal revenue.
Market share
start learning
A company’s portion of total sales in a market.
Market segment
start learning
A distinct group of customers in a market.
Profitability
start learning
The ability to generate profit.
Benchmarking
start learning
Comparing business performance to industry bests.
Brand vs trademark
start learning
Brand is the image; trademark is the legal protection.
End-user
start learning
The final consumer of a product.
Value for money
start learning
A good balance between price and quality.
Early adopters
start learning
First users of new products or technologies.
To differentiate, differentiation
start learning
To make a product stand out from competitors.
To diversify, diversification
start learning
To expand into new markets or products.
Market saturation
start learning
When most potential customers already own a product.
Collocations with sales, product, market, price, brand, competition
start learning
Common word pairings with marketing terms.
Commercials
start learning
TV or radio advertisements.
Product placement
start learning
Featuring a product in media content.
Product endorsement
start learning
A celebrity or expert promoting a product.
Sponsorship
start learning
Financial support for promotion in return for visibility.
Advertorials
start learning
Ads presented as editorial content.
Banner ads
start learning
Online rectangular advertisements on websites.
Pop-ups
start learning
Online ads that appear suddenly.
Viral advertising
start learning
Ads spread rapidly via social sharing.
Billboards/hoardings
start learning
Large outdoor advertisements.
Posters
start learning
Printed promotional materials for display.
Free samples
start learning
Complimentary product given for trial.
Leaflet/flyers
start learning
Small printed advertisements.
Mailshots
start learning
Promotional materials sent by post or email.
Point-of-sale advertising
start learning
Ads at the place where sales are made.
Retail outlet
start learning
A store selling goods to customers.
Word-of-mouth
start learning
Promotion through personal recommendations.
Subliminal advertising
start learning
Hidden messages influencing consumers subconsciously.
Special offer
start learning
A temporary price reduction or deal.
Guerilla marketing
start learning
Unconventional promotional tactics.
Niche marketing
start learning
Targeting a specific, defined market segment.
Affinity marketing
start learning
Partnering with groups sharing similar interests.
Cold-calling
start learning
Unsolicited calls to potential customers.
Co-branding
start learning
Joint branding of a product by two companies.
Price sensitivity
start learning
How demand changes with price changes.
Permission marketing
start learning
Ads sent only to users who agree to receive them.
PR
start learning
Public relations; managing public image.
Repeat purchases
start learning
Customers buying a product again.
Cross-selling
start learning
Selling related products to existing customers.
Consumer analysis
start learning
Studying customer behavior and needs.
Brand stretching
start learning
Using a brand name for new products.
Brand extension
start learning
Expanding a brand into different product categories.
Brand families
start learning
Groups of related products under one brand.
Competitive edge/advantage
start learning
A superior position over rivals.
Outlays
start learning
Money spent on a business activity.
Lead times
start learning
Time between order and delivery.
Speed up deliveries
start learning
Make product shipments faster.
Break into/enter/penetrate a market
start learning
Start selling in a new market.
Stand out from/differentiate yourself from competition
start learning
Be distinct from rivals.
Measure up to competition
start learning
Perform at the same level as rivals.
Launch/bring out a product
start learning
Introduce a new product to the market.
Come up with an idea
start learning
Create or invent a new concept.
To bring down overheads
start learning
Reduce fixed operating costs.
To speed up deliveries
start learning
Increase delivery efficiency.
To break into/enter/penetrate a market
start learning
Gain market access for a product.
To be squeezed out of the market
start learning
Be pushed out by stronger competitors.
To come up against/ to take on/ outclass/succumb to/fight back against/ destroy the competition
start learning
Compete or struggle with other businesses.
A booming/thriving/healthy/buoyant market
start learning
A growing and profitable market.
Volatile/unpredictable market
start learning
A market that changes rapidly and unpredictably.
Weak/sluggish/flat/depressed market
start learning
A market with little activity or growth.
SWOT analysis
start learning
Evaluation of Strengths, Weaknesses, Opportunities, and Threats.
Premium price
start learning
A higher price due to perceived value.
Brand identity
start learning
The visible and emotional image of a brand.
Bring a customer round to an idea
start learning
Persuade someone to accept something.
Client’s mindset
start learning
The attitudes and beliefs of a customer.
A USP
start learning
Unique selling proposition; what makes a product stand out.
Price war
start learning
Competitors cutting prices to gain market share.
A leading brand
start learning
A top-performing brand in its category.
Standardization, to standardize
start learning
Making products or services uniform across markets.
Economies of scale
start learning
Cost advantages from large-scale production.
Cultural sensitivity
start learning
Awareness of cultural differences in marketing.
Market positioning
start learning
How a product is perceived in the market.
Emerging markets
start learning
Rapidly growing economies.
Market entry costs
start learning
Expenses required to enter a market.
Cultural norms
start learning
Common practices and values in a society.
Competitive position
start learning
A company's rank in the marketplace.
Competitive capabilities
start learning
Strengths that allow a company to compete.
Premium brand
start learning
A high-quality, high-priced brand.
Predominantly
start learning
Mainly or mostly.
To opt for sth
start learning
To choose something.
A distinct market
start learning
A clearly defined target market.
A paradigm
start learning
A model or pattern of thinking.
To be pragmatic
start learning
To be practical and realistic.
Corporate identity
start learning
The visual and cultural personality of a company.
Minimum, to minimize, minimal
start learning
The least possible amount.
A buzzword
start learning
A trendy or popular business term.
To be positioned
start learning
How a brand is placed in the consumer's mind.
To be inclined
start learning
To have a tendency or preference.
A paradox of choice
start learning
Too many options makes choosing harder.
Persuasive
start learning
Able to convince someone to act or agree.
To mislead
start learning
To give a false impression.
Well-being
start learning
The state of being healthy and happy.
A tactic
start learning
A short-term action to achieve a goal.
A decoy effect
start learning
A third option makes another more attractive.
To get one over on someone
start learning
To outsmart or deceive someone.
To buy into sth
start learning
To accept or support an idea.
To cancel out (the effects of sth)
start learning
To neutralize or balance something.
To have a trick up one’s sleeve
start learning
To have a secret plan or advantage.
To tap into sth
start learning
To use or exploit a resource or trend.
To have legal standing
start learning
To be recognized by law.
To be well-versed in sth
start learning
To be knowledgeable or skilled in something.
There’s more than meets the eye
start learning
There's a hidden or deeper aspect.
A household name
start learning
A brand or person known by almost everyone.
A pillar
start learning
A fundamental part or strong support.
A stroke of genius
start learning
A brilliant and clever idea.
Lucrative
start learning
Highly profitable.
To soar
start learning
To rise very quickly.
To divulge
start learning
To reveal or disclose information.
Seamless
start learning
Smooth and without interruption.
Black-hat techniques
start learning
Unethical marketing or SEO tactics.
Deceptive practices
start learning
Misleading or dishonest business actions.
To inflate the rankings
start learning
To falsely increase position or rating.
Basic vs dynamic e-mail marketing
start learning
Static vs interactive and personalized email campaigns.
To factor in sth (e.g. data)
start learning
To include something in a calculation or plan.
To scramble
start learning
To move quickly or struggle to act.
To staunch
start learning
To stop or restrict something, like a loss.
To step into the breach
start learning
To take over when needed urgently.
To rewrite the rules of sth
start learning
To completely change how something is done.
Avid
start learning
Enthusiastic and eager.
To fall flat
start learning
To fail to produce the intended effect.
To spark user-to-user discussion
start learning
To start conversations among users.
To shepherd sb back
start learning
To guide someone to return.
Name-brand companies
start learning
Well-known and reputable brands.
To stumble into sth
start learning
To enter or discover something by accident.
To glean
start learning
To gather information gradually.
To woo potential clients
start learning
To attract and persuade new customers.
To harness the medium
start learning
To use a platform or channel effectively.
Judiciously
start learning
Wisely and carefully.
A staffer
start learning
An employee, especially in media or politics.
To draw a crowd
start learning
To attract a lot of people.
To be hard to replicate
start learning
Difficult to copy or reproduce.
The upshot
start learning
The final result or conclusion.
Media spin
start learning
A biased interpretation presented by media.

You must sign in to write a comment