marketing

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4 Terms

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What is Marketing?

The activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.

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What is the Marketing Concept?

Understanding the needs and wants of customers and delivering satisfaction better than competitors.

3
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What is Market Segmentation?

Dividing a broad consumer or business market into sub-groups of consumers based on shared characteristics.

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What is a Target Market?

A specific group of consumers at whom a company aims its marketing efforts.