mkting clep

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7 Terms

1
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value proposition

states the specific benefits a product or service offering provides a buyer. why us>competition

2
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Define the problem. Determine the research design. Choose the data collection method. Collect data

what is the marketing research process order?

3
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Need recognition, information search, evaluation of alternatives, purchase, postpurchase behavior

what is the correct sequence of steps in the consumer decision-making process?

4
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brand equity

The estimated market value of a brand

5
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marketing plan strat has to be

measurable, consistent, specific, achievable

6
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steps for marketing plan

1, Mission

Analysis of Environment

3. Develop Goals

4. Marketing Strategy

5. Feedback(Control

7
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marketing research process

Problemdefinition-takes most time

Situational Analysis

Develop research plan

Data Collection (developing tool for data collection)

Problem Solving

Alternative Development