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Term 1: Business and Marketing Terms and Definitions, Quizzes of Principles of Marketing

Definitions for various business and marketing terms and concepts, including environmental scanning, social forces, demographics, generations, multicultural marketing, culture, economy, technology, marketspace, competition, regulation, consumerism, self-regulation, ethics, consumer bill of rights, code of ethics, moral idealism, utilitarianism, social responsibility, green marketing, and cause marketing.

Typology: Quizzes

2013/2014

Uploaded on 02/07/2014

swan1755
swan1755 🇺🇸

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TERM 1
environmental scanning
DEFINITION 1
the process of acquiring information on events outside the
organization to identify and interpret potential trends.arise
from 5
sources:socialeconomictechnologicalcompetitiveregulator
TERM 2
social forces
DEFINITION 2
the demographic characteristics and the culture of the
population
TERM 3
demographics
DEFINITION 3
description of a population according to characteristics such
as age, gender, ethnicity, income, occupation
TERM 4
baby boomers
DEFINITION 4
the generation of children born between 1946-1964
TERM 5
generation
x
DEFINITION 5
members of the US population born between 1965-1976baby
bust
pf3
pf4
pf5

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environmental scanning

the process of acquiring information on events outside the

organization to identify and interpret potential trends.arise

from 5

sources:socialeconomictechnologicalcompetitiveregulator

TERM 2

social forces

DEFINITION 2

the demographic characteristics and the culture of the

population

TERM 3

demographics

DEFINITION 3

description of a population according to characteristics such

as age, gender, ethnicity, income, occupation

TERM 4

baby boomers

DEFINITION 4

the generation of children born between 1946-

TERM 5

generation

x

DEFINITION 5

members of the US population born between 1965-1976baby

bust

generation

y

the 72 million americans born between 1977-1994. Results

of baby boomers having babiesmillenials

TERM 7

multicultural marketing

DEFINITION 7

marketing programs that reflect unique aspects of different

races

TERM 8

culture

DEFINITION 8

the set of values, ideas, and attitudes that is learned and

shared among the members of a group

TERM 9

economy

DEFINITION 9

pertains to the income and resources that affect the cost of

running a business or household

TERM 10

technology

DEFINITION 10

inventions from applied science or engineering research

ethics

the moral principles and values that govern the actions and

decisions of an individual or a group

TERM 17

consumer bill of

rights

DEFINITION 17

codified the ethics of exchange between buyers and sellers,

including rights to safety, to be informed, to choose, and to

be heard

TERM 18

code of ethics

DEFINITION 18

a formal statement of ethical principles and rules of conduct

TERM 19

moral idealism

DEFINITION 19

a personal moral philosophy that considers certain individual

rights or duties as universal, regardless of the outcome

TERM 20

utilitarianism

DEFINITION 20

a personal moral philosophy that focuses on the greatest

good for the greatest number

social responsibility

the idea that organizations are part of a larger society and

are accountable to that society for their actions

TERM 22

green marketing

DEFINITION 22

marketing efforts to produce, promote, and reclaim

environmentally sensitive products

TERM 23

cause marketing

DEFINITION 23

tying the charitable contributions of a firm directly to sales

produced through the promotion of one of its products