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GLOSSARY
Brand
It is a name, term, sign, symbol or design or a
combination of them, which is intended to identify
the goods or services
of one seller or group of
sellers and to differentiate
them
from those of
competitors.
Consumerism
Consumerism is a movement of organised efforts of
consumers seeking redress, restitution and remedy
for dissatisfaction they have accumulated in the
acquisition of their standard of living.
Distribution Channel
The pathway consisting of intermediaries, through
which goods move
from producers and reach
consumers or end users.
Economic Environment It consists of factors that affect the consumer
purchasing power and spending patterns.
Marketing department
It consists of grouping of marketing activities under
the leadership of a marketing manager.
Marketing organisation - is a group of persons working together towards the
attainment of marketing objectives.
Marketing
concept
Marketing concept holds that the key to achieving
organisational goals consists in determining the
needs and wants of target markets and delivering the
desired satisfactions more
effectively and efficiently
than the competitions.
Marketing planning
A logical sequence of activities leading to the
setting of Marketing objectives and formulation of
plans for achieving them.
Marketing strategy
Actions characterizing by a specific target and
marketing programme to reach it.
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Marketing Control
It is the process of measuring and evaluating the
results of marketing strategies and peares and toping
corrective action to assure that marketing objectives
are attained.
Marketing Research
It
is the systematic design, collection, analysis and
reporting of data and findings relevant to a specific
marketing situations.
Marketing information
It is an interacting, on going and future oriented
system
structure of persons, machines and procedures
designated to generate an orderly
flow of evaluated
data from internal and external sources for the use
of managerial decision making in the dynamic area
of marketing.
Product concept
It holds that consumers favour those products that
offer best in quality, performance and features and
therefore, the organisation should devote its
energies to make the product improvements
continuously.
Product positioning
The place an offering occupies in a consumer’s
mind with regard to important
attributes relative to
competitive offerings.
Product Repositioning
Changing the place on offering copies in a
consumer’s mind relating to competitors offerings.
Retailer The
intermediary
who
buys goods from wholesaler
and sells to consumer or end-user.
Selling concept
Selling concept holds that consumers do not buy
enough of products unless the manufacturing
organisation undertakes a substantial selling and
promotion effort.
Societal concept
Societal concept holds that the organisations task is
to determine the needs, wants and interests of target
groups of consumers and to deliver their desired
satisfactions more effectively and efficiently than its
competitors in a way that maintains or improves
consumers and society to well-being.
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Sales analysis
Measuring and evaluating
actual sales in relation to
sales goals.
Social
marketing
Is the design, implementation and control of
programme seeking to increase the acceptability of a
social idea, cause or practice in target groups.
Trade mark
It is a brand or part of a brand that is given legal
protection because it is capable of exclusive
appropriation. A trade mark protects the seller’s
exclusive right to use the brand name and or brand
mark.
Wholesaler
The intermediary who buys goods in large quantities
from producer and
sells to retailers in small
quantities.