MKT Terms (Chapter 1 and 2)

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Implementation

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Marketing

11 Terms

1

Implementation

________: turning a marketing strategy to real- life actions.

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2

Customer satisfaction

________: the extend to which a products perceived performance matches a buyers expectations.

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3

Business portfolio

________: the collection of businesses and products that make up the company.

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4

Needs

states of felt deprivation

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5

Wants

the form humans needs take as they are shaped by culture and individual personality

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6

Customer satisfaction

the extend to which a products perceived performance matches a buyers expectations

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7

Strategic planning

the process of developing and maintaining a strategic

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8

Business portfolio

the collection of businesses and products that make up the company

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9

Value chain

the series of internal departments that carry out value

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10

Value delivery network

performance of the entire system in delivering customer value

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11

Implementation

turning a marketing strategy to real-life actions

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