DECA Marketing Questions And Answers Already Graded A+

Marketing - Answer-The dynamic activities that focus on the customer to generate a profitable exchange The Goal of Marketing - Answer-To meet customers' needs (goods and services you need) and wants (goods and services you do not need but would like to have) with products that customers can and will buy Dynamic - Answer-constantly changing Customer - Answer-an individual or group who buys products Target Market - Answer-The specific group of customers whose needs a company will focus on satisfying The Four Ps of Marketing - Answer-Product, Place, Price, and Promotion Product - Answer-Anything that can be bought or sold Good - Answer-A physical item Service - Answer-An action that is done for you Idea - Answer-A concept, cause, issue, image, or philosophy that can be marketed Place - Answer-The process of making products available to customers Distribution - Answer-the process of physically delivering goods to customers Price - Answer-The amount of money requested or exchanged for a productMarketing Plan - Answer-A guide for a company's product which includes Market Opportunities and Analysis, Strategy, and an Action Plan SWOT Analysis - Answer-An analysis of a company's strengths, weaknesses, opportunities, and threats Forecast - Answer-A prediction of future sales or revenue