DECA SEM

0.0(0)
Studied by 0 people
call kaiCall Kai
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
GameKnowt Play
Card Sorting

1/511

encourage image

There's no tags or description

Looks like no tags are added yet.

512 Terms

1
New cards

Explain the need for professional and ethical standards in marketing

Standards keep marketers honest and legal, protect consumers, and build trust in the business and the industry.

2
New cards

Explain employment opportunities in marketing

Careers include advertising, sales, market research, social media, brand/product management, public relations, and retail merchandising.

3
New cards

Explain the nature and scope of the product/service management function

Obtaining, developing, maintaining, and improving a product/service mix to respond to market opportunities and build the brand.

4
New cards

Identify the impact of product life cycles on marketing decisions

The stages (introduction, growth, maturity, decline) drive pricing, promotion, and distribution choices and whether to modify or drop a product.

5
New cards

Describe the use of technology in the product/service management function

Analytics, CRM, design, and inventory tools track product performance, gather customer feedback, and speed product development.

6
New cards

Explain business ethics in product/service management

Products must be safe, honestly described and labeled, and responsibly made and sold.

7
New cards

Identify product opportunities

Gaps or unmet customer needs that a new or improved product/service could fill.

8
New cards

Identify methods/techniques to generate a product idea

Brainstorming, customer surveys and feedback, trend scanning, competitor analysis, and research and development.

9
New cards

Generate product ideas

Creating new concepts by combining customer needs, market trends, and company capabilities.

10
New cards

Describe the uses of grades and standards in marketing

They classify quality and ensure consistency so buyers can compare products (e.g., USDA beef grades).

11
New cards

Explain warranties and guarantees

Seller promises about product quality/performance with a remedy if it fails; they reduce buyer risk and build confidence.

12
New cards

Identify consumer protection provisions of appropriate agencies

Agencies like the FTC, FDA, and CPSC enforce truthful advertising, safe products, and accurate labeling.

13
New cards

Explain the concept of product mix

All the products a company sells, described by width (number of lines), length (total items), and depth (versions of each).

14
New cards

Describe the nature of product bundling

Selling several products/services together at one price to increase perceived value and sales.

15
New cards

Explain the nature of corporate branding

Building the identity and reputation of the whole company (name, logo, values) rather than a single product.

16
New cards

Describe factors used by businesses to position corporate brands

Reputation, values, quality, social responsibility, differences from competitors, and the target market.

17
New cards

Identify customer touch points

Every point of contact between customer and business: website, store, social media, ads, packaging, customer service.

18
New cards

Describe factors used by marketers to position products/services

Features, price, quality, benefits, competitors, and target market.

19
New cards

Explain the nature of product/service branding

Using a name, logo, and design to identify and differentiate a product, building recognition and loyalty.

20
New cards

Describe the role of customer voice in branding

Reviews, feedback, and social posts shape brand perception and guide brand decisions.

21
New cards

Explain the nature and scope of channel management

Identifying, selecting, monitoring, and evaluating sales channels to get products to customers efficiently.

22
New cards

Explain the nature of channels of distribution

The paths products take from producer to consumer, directly or through wholesalers/retailers.

23
New cards

Describe the use of technology in the channel management function

Inventory tracking, EDI, e-commerce platforms, and analytics help coordinate and monitor channel members.

24
New cards

Explain legal considerations in channel management

Contracts, exclusive dealing, territory restrictions, and antitrust laws affect channel relationships.

25
New cards

Describe ethical considerations in channel management

Treating channel members fairly, dealing honestly, and avoiding coercion or deceptive practices.

26
New cards

Coordinate channel management with other marketing activities

Aligning distribution with product, pricing, and promotion so availability matches the marketing message.

27
New cards

Explain the nature of channel-member relationships

Cooperation, conflict, and power among producers, wholesalers, and retailers, managed through trust and communication.

28
New cards

Explain the nature of affinity partner relationships

Partnerships with organizations that share a customer base (e.g., a co-branded credit card with a sports team).

29
New cards

Describe the need for marketing data

Data reduces risk in decisions by revealing customer needs, competitor actions, and market trends.

30
New cards

Identify data monitored for marketing decision making

Sales, customer demographics, web analytics, competitor activity, and customer satisfaction.

31
New cards

Explain the nature and scope of the marketing-information management function

Gathering, accessing, synthesizing, evaluating, and sharing information to support business decisions.

32
New cards

Explain the role of ethics in marketing-information management

Collecting data honestly, respecting privacy and consent, and not misusing customer information.

33
New cards

Describe the use of technology in the marketing-information management function

Databases, CRM systems, survey tools, and analytics software collect, store, and analyze marketing data.

34
New cards

Describe the regulation of marketing-information management

Privacy and marketing laws (e.g., COPPA, CAN-SPAM, do-not-call rules) limit how customer data is collected and used.

35
New cards

Explain the nature of marketing research

The systematic collection and analysis of information to solve marketing problems and guide decisions.

36
New cards

Discuss the nature of marketing research problems/issues

Research starts by clearly defining the problem: what decision needs information.

37
New cards

Describe methods used to design marketing research studies

Exploratory (clarify the problem), descriptive (describe who/what/where), and causal (determine cause and effect).

38
New cards

Describe options businesses use to obtain marketing research data

Primary research is newly collected for the problem; secondary research uses existing data.

39
New cards

Discuss the nature of sampling plans

Decide who is surveyed, how many, and how they are chosen.

40
New cards

Describe data-collection methods

Observation, mail/phone/internet surveys, diaries, discussion groups, interviews, scanners, and tracking tools.

41
New cards

Explain characteristics of effective data-collection instruments

Valid, reliable, clear, unbiased, and an appropriate length.

42
New cards

Explain techniques for processing marketing data

Editing, coding, tabulating, and analyzing raw data into usable information.

43
New cards

Monitor/measure customer "buzz"

Tracking online mentions, shares, and sentiment to see what people are saying about a brand.

44
New cards

Explain the use of descriptive statistics in marketing decision making

Mean, median, mode, and range summarize data to reveal patterns.

45
New cards

Identify sources of error in a research project

Response errors, interviewer errors, non-response errors, and sample design errors.

46
New cards

Evaluate questionnaire design

Review question types, wording, routing, sequencing, length, and layout for clarity and bias.

47
New cards

Assess appropriateness of marketing research for the problem/issue

Check that methods, sources, and timeliness of information fit the problem.

48
New cards

Explain the concept of marketing strategies

Plans for reaching marketing goals by selecting a target market and combining product, price, place, and promotion.

49
New cards

Explain the concept of market and market identification

A market is a group of people with needs and the ability to buy; identification means pinpointing which group to target.

50
New cards

Explain the nature of marketing planning

The process of setting marketing goals and deciding the strategies and tactics to reach them.

51
New cards

Explain the nature of marketing plans

Written documents covering situation analysis, objectives, strategies, budget, and evaluation.

52
New cards

Explain the role of situation analysis in the marketing planning process

Assessing internal and external factors (e.g., SWOT) to understand where the business stands before planning.

53
New cards

Explain the nature of sales forecasts

Estimates of future sales that guide budgeting, production, and planning.

54
New cards

Explain the nature and scope of the pricing function

Setting and adjusting prices to maximize return and match customers' perceptions of value.

55
New cards

Describe the role of business ethics in pricing

Prices must be honest and fair; avoid deceptive pricing, price gouging, and price fixing.

56
New cards

Explain the use of technology in the pricing function

Software enables dynamic pricing, price tracking, and analysis of competitors and demand.

57
New cards

Explain legal considerations for pricing

Laws prohibit price fixing, price discrimination, predatory pricing, and deceptive pricing.

58
New cards

Explain factors affecting pricing decisions

Costs, demand, competition, perceived value, company objectives, and government regulation.

59
New cards

Explain the role of promotion as a marketing function

Communicating about products, services, images, or ideas to inform, persuade, and remind customers.

60
New cards

Explain the types of promotion (i.e., institutional, product)

Institutional promotion builds the company's image; product promotion sells specific goods/services.

61
New cards

Identify the elements of the promotional mix

Advertising, sales promotion, personal selling, and public relations (publicity).

62
New cards

Describe the use of business ethics in promotion

Promotions should be truthful, not misleading, and respectful of the audience.

63
New cards

Describe the use of technology in the promotion function

Social media, email, mobile, and analytics tools help reach and track target audiences.

64
New cards

Describe the regulation of promotion

Agencies like the FTC regulate advertising claims, endorsements, and unfair or deceptive practices.

65
New cards

Explain types of advertising media

Print, broadcast (TV/radio), digital, outdoor, direct mail, and more.

66
New cards

Describe word-of-mouth channels used to communicate with targeted audiences

Personal recommendations, reviews, social sharing, and influencers.

67
New cards

Explain the nature of direct marketing channels

Reaching customers directly (mail, email, phone, text) without intermediaries.

68
New cards

Identify communications channels used in sales promotion

Coupons, contests, samples, displays, loyalty programs, and special events.

69
New cards

Explain communications channels used in public-relations activities

Press releases, media events, social media, websites, newsletters, and sponsorships.

70
New cards

Explain the components of advertisements

Headline, body copy, visuals, slogan, logo, and call to action.

71
New cards

Explain the importance of coordinating elements in advertisements

Consistent copy, visuals, and tone deliver one clear message and strengthen the brand.

72
New cards

Identify types of public-relations activities

Press releases, community involvement, sponsorships, special events, and crisis management.

73
New cards

Discuss internal and external audiences for public-relations activities

Internal: employees and owners. External: customers, media, community, investors, and suppliers.

74
New cards

Explain the nature and scope of the selling function

Determining client needs and responding with planned, personalized communication that influences purchases.

75
New cards

Explain the role of customer service as a component of selling relationships

Good service builds satisfaction, loyalty, and repeat business.

76
New cards

Explain company selling policies

Rules on returns, pricing, payment, warranties, and guarantees that salespeople must follow and explain.

77
New cards

Explain key factors in building a clientele

Product knowledge, quality service, follow-up, trust, and relationship building.

78
New cards

Explain legal and ethical considerations in selling

Truthful claims, honoring contracts, and following sales laws and regulations.

79
New cards

Describe the use of technology in the selling function

CRM, mobile devices, e-commerce, and digital communication help track, contact, and serve customers.

80
New cards

Acquire product information for use in selling

Learn about products from company materials, manufacturers, training, and hands-on use.

81
New cards

Analyze product information to identify product features and benefits

A feature is a characteristic of the product; a benefit is how it helps the customer.

82
New cards

Explain the selling process

Steps such as preparation, approach, needs determination, presentation, handling objections, closing, and follow-up.

83
New cards

Discuss motivational theories that impact buying behavior

Theories like Maslow's hierarchy explain why customers buy based on needs and motives.

84
New cards

Explain the impact of business customs and practices on global trade

Understanding local customs avoids misunderstandings and helps build business relationships abroad.

85
New cards

Describe the nature of business customs and practices in the North American market

Generally punctual, direct communication, handshakes, and written contracts (general trends; vary by country).

86
New cards

Explain the nature of business customs and practices in Western Europe

Formality, punctuality, and respect for protocol, with differences by country.

87
New cards

Explain the nature of business customs and practices in Eastern Europe

Formal introductions, respect for hierarchy, and importance of building personal relationships.

88
New cards

Explain the nature of business customs and practices in Latin America

Personal relationships and warmth come first; schedules tend to be more flexible.

89
New cards

Describe the nature of business customs and practices in the Pacific Rim

Respect for hierarchy, group harmony, and formal exchanging of business cards.

90
New cards

Discuss the nature of business customs and practices in the Middle East

Relationships and hospitality come before business; respect for religious and cultural customs is essential.

91
New cards

Explain the nature of business customs and practices in South Asia

Respect for hierarchy, strong emphasis on relationships and hospitality.

92
New cards

Describe the nature of business customs and practices in Northern Africa

Courtesy, relationship building, and awareness of Islamic observances and local etiquette.

93
New cards

Discuss the nature of business customs and practices in Sub-Saharan Africa

Highly diverse region; personal relationships and respect for elders and status are important.

94
New cards

Analyze the impact of technology on marketing

Technology enables targeting, personalization, automation, and measurable results across digital channels.

95
New cards

Use software to automate services

Tools (e.g., email automation, chatbots, scheduling) handle repetitive marketing tasks efficiently.

96
New cards

Use analytical tracking tools

Tools like web analytics measure traffic, engagement, and conversions.

97
New cards

Use analytical software (e.g., SPSS, SAS, Excel, etc.)

Programs that organize and analyze data to find patterns and support decisions.

98
New cards

Determine sources of relevant, new marketing data

Identify fresh data from surveys, social media, customer records, analytics, and industry reports.

99
New cards

Evaluate options to purchase or sell marketing data

Weigh cost, quality, relevance, privacy laws, and ethics when buying or selling data.

100
New cards

Maintain security of marketing data

Use passwords, encryption, and access limits to protect customer and company data.