MKTG FINAL CH 10

Business

56 cards   |   Total Attempts: 188
  

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Cards In This Set

Front Back
Supply chain
All the activities associated with the flow and transformation of product from raw materials through to the end consumer
Marketing channel
(channel of distribution, distribution channel)-a group of individuals and organizations that direct the flow of products from producers to customers within the supply chain
Marketing intermediaries
Middlemen that link producers to other intermediaries or ultimate consumers through contractual arrangement or through the purchase and reselling of products
Time utility
Having products available when the customer wants them
Place utility
Making products available in locations where customers wish to purchase them
Possession utility
Customers have access to the product to use now or store for future use
Form utility
Formed by assembling preparing or otherwise refining the product to suit customer needs
Services
Producer -> consumer
Wal mart
Producer -> retailers -> consumers
Wrigleys gum
Producer -> wholesalers ->retailers -> consumers
Packaged food
Producer -> agents or brokers -> wholesalers > retailers -> consumers
Digital media
Electronic media that function using digital codes(rather than film or magnetic media)
Digital marketing
Uses digital media to develop communications and exchanges with customers
Electronic marketing (E marketing)
Refers to the strategic process of distributing, promoting, pricing products, and discovering the desires of customers using digital media and digital marketing
Marketers and consumersamong employeeswith suppliers
E marketing's most important benefit is the ability to share info between