Deca Vocab

Torts

Civil wrongs causing harm or injury, often due to negligence or intentional misconduct.

Multiple distribution

Marketing via various channels to reach a broader audience.

Selective distribution

Choosing specific outlets for product distribution.

Exclusive distribution

Granting sole distribution rights to one entity.

Intensive distribution

Maximizing market coverage through numerous outlets.

Channel management function

Optimizing distribution channel relationships and performance.

Coercion

Using force or threats to influence behavior, often negatively.

Gray market

Unauthorized sale of branded products through unofficial channels.

Exploitation

Unfairly using something or someone for personal gain.

Slotting allowance

Payment for product placement in retail stores.

Marketing mix

Combination of product, price, place, and promotion strategies.

Dual conflict

Facing conflicts from multiple sources simultaneously.

Vertical conflict

Conflict between different distribution levels.

Horizontal conflict

Conflict between entities at the same distribution level.

Internal conflict

Disagreements within an organization.

Affinity marketing

Targeting consumers based on shared interests.

Inductive order

Arranging products based on popularity.

Progress report

Documenting project or task status.

Organizational method

Structured approach to manage operations.

Large structural changes

Significant alterations to organizational structure.

Customer experience management

Strategically managing customer interactions.

Relative price

Product price compared to market offerings.

Industrial union

Union representing workers in a specific industry.

Economic prosperity

Sustained economic growth and improved living standards.

Stagnation

Lack of growth or development.

Recession

Period of economic decline.

Contraction

Reduction in economic size or output.

Change Leader

Initiator and facilitator of organizational change.

Negotiation styles

Different approaches in negotiations.

Informational power

Influence from valuable information possession.

Referent power

Influence based on personal characteristics.

Reward power

Influence from providing rewards.

Legitimate power

Influence from formal position or role.

Mutual fund

Investment pooling money from multiple investors.

Holding cost

Cost associated with inventory storage.

Good faith money

Deposit showing commitment in transactions.

Ownership investment

Investment for income or appreciation.

Objective

Measurable goal or target.

Center of influence

Torts

Civil wrongs causing harm, often due to negligence or intentional misconduct.

Multiple distribution

Marketing via various channels to reach a broader audience.

Selective distribution

Choosing specific outlets for product distribution.

Exclusive distribution

Granting sole distribution rights to one entity.

Intensive distribution

Maximizing market coverage through numerous outlets.

Channel management function

Optimizing relationships and performance in distribution channels.

Coercion

Using force or threats to influence behavior, often negatively.

Gray market

Unauthorized sale of branded products through unofficial channels.

Exploitation

Unfairly using something or someone for personal gain.

Slotting allowance

Payment for product placement in retail stores.

Marketing mix

Combination of product, price, place, and promotion strategies.

Dual conflict

Facing conflicts from multiple sources simultaneously.

Vertical conflict

Conflict between different distribution levels.

Horizontal conflict

Conflict between entities at the same distribution level.

Internal conflict

Disagreements within an organization.

Affinity marketing

Targeting based on shared interests or affiliations.

Inductive order

Arranging products based on popularity.

Progress report

Documenting project or task status.

Organizational method

Structured approach to manage operations.

Large structural changes

Significant alterations to organizational structure.

Customer experience management

Strategically managing customer interactions.

Relative price

Price compared to similar offerings in the market.

Industrial union

Union representing workers in a specific industry.

Economic prosperity

Sustained economic growth and improved living standards.

Stagnation

Lack of growth or development.

Recession

Period of economic decline.

Contraction

Reduction in economic size or output.

Change Leader

Initiator and facilitator of organizational change.

Negotiation styles

Different approaches in negotiations.

Informational power

Influence from valuable information possession.

Referent power

Influence from personal characteristics or charisma.

Reward power

Influence from providing rewards.

Legitimate power

Influence from formal position or role.

Mutual fund

Investment pooling money from multiple investors.

Holding cost

Cost associated with inventory storage.

Good faith money

Deposit showing commitment in transactions.

Ownership investment

Investment for income or appreciation.

Objective

Clear and measurable goal.