Marketing Vocab-Quiz 1

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10 Terms

1
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Marketing Strategy

Plan for outlining how a business reaches target market and achieves goals.

2
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Promotional Plan

Outline of marketing tools (intended) to promote

3
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Rapport

(Positive) relationship, communication, (mutual) respect

4
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Service Orientations

Desire to help others (trained in customer service: solutions,empathy)

5
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Customer Service Mindset

Create value and loyalty with customers. —Think Chick Fil A

6
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Brand Positioning

How business differentiates product in the mind of consumers compared to competitors

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Clientele

People who repeatedly purchase from you (create loyalty + relationships)

8
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Return on Investment (ROI)

How much a business spends versus how much it makes

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Unique Value Proposition

How product solves problems/gives benefits/ and why is it better than competitors?

10
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Market Research

Gather, analyze, and interpret data to make decisions

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