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Glossary
A/B testing: A method of comparing two versions of a product or marketing campaign to determine...
Glossary
Attitude: A person's evaluation of a product, service, or concept, based on their beliefs, fe...
Glossary
Unique selling proposition (USP): A unique selling proposition is a specific feature or benef...
Glossary
Brand: A brand is a combination of a name, term, design, symbol, or other feature that identi...
Glossary
Go-to-market (GTM) strategy: A plan for introducing a new product or service to the market. ...
Glossary
Cost-plus pricing: This involves setting the price of a product by adding a markup to the cos...
Glossary
Distribution channels: various methods and channels (physical or virtual) through which a produ...
Glossary
Advertising: A paid, non-personal communication through various media (such as television, ra...
Glossary
Target market: The specific group of consumers that a business is trying to reach with its mark...
Glossary
Cultural adaptation: The process of adapting a product or marketing campaign to a specific cult...
Questions
1. What is the purpose of a marketing plan? A) It is meant to be a document used for adverti...
Questions
1. The descriptive term used to explain how people, businesses, and countries around the world ar...
Questions
1. The process involving coordination of a variety of different communication tools used to deliv...
Questions
1. Sets of interdependent organizations participating in the process providing a payment mechanis...
Questions
1. Jack uses several criteria to determine how much he is willing to spend to satisfy his needs. ...
Questions
1. An offering by an organization that provides tangible or intangible customer satisfaction is t...
Questions
1. Tangible and intangible features like design, symbols, customer touch points, etc. differentia...
Value for the Customer
What Is Value? Earlier in this module we discussed that marketing exists to help organizations u...
Communicating the Value Proposition
What Is a Value Proposition? We have discussed the complexity of understanding customer percepti...
Value Proposition Examples
The Value Proposition in Action Let’s take a look at some real examples and evaluate them. Are t...