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BUSML 3250 PILETZ FINAL QUESTIONS WITH 100% CORRECT ANSWERS

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BUSML 3250 PILETZ FINAL QUESTIONS WITH 100% CORRECT ANSWERS

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Financing: extending credit to customers
Grading: inspecting, testing, or judging products, and assigning them quality grades
Marketing information and research: providing information to customers and
suppliers, including competitive conditions and trends


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Facilitating Function




distinguishes retail outlets based on whether independent retailers, corporate chains,
or contractual systems own the outlet


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Form of Ownership

,intermediaries are inserted between the producer and consumers and perform
numerous channel functions (Agent, wholesaler, retailer)


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Indirect channel




segmenting markets by region of a country or the world, market size, market density,
or climate


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Geographic Segmentation




the consumer-initiated practice of generating content on a marketer's website that is
custom tailored to an individual's specific needs and preferences


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personalization




the way in which the store is defined in the shopper's mind, partly by its functional
qualities and partly by an aura of psychological attributes


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, Retail Image




Segmenting markets based on purchasing habits, customer loyalty, and brand
interactions


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Behavioral Segmentation




intermediaries are inserted between the producer and consumers and perform
numerous channel functions


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Indirect channels




define value proposition for target segments, and develop an action plan. Designing
the company's offerings and image to occupy a distinctive place in the mind of the
target market.


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Positioning

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