An assessment that lists and analyzes the company’s strengths and weaknesses. Strengths, Weaknesses, Opportunities, Threats.
The scanning of outside influences on an organization. This methods looks at the world using four factors: political, economic, socio-cultural, and technological.
A formal written document that directs a company’s activities for a specific period of time.
A brief overview of the entire marketing plan
Study of internal and external factors that affect marketing strategies.
Identifies target markets and sets marketing mix choices that focus on those markets.
The projection of probable, future sales in units or dollars.
An expectation for performance that reflects the objectives; it is a measuring stick.
Process of classifying people who form a given market into even smaller groups.
Statistics that describe a population in terms of personal characteristics such as age, gender, income, marital status, ethnic background.
Money left after taking out taxes.
Money left after paying for basic living expenses.
Segmentation based on where people live.
Grouping people with similar attitudes, interests, and opinions as well as lifestyles and shared values.
Using a single marketing strategy to reach all customers.
Anything that contributes causally to a result.
The practical application of science to commerce or industry or practical problems.
An amount or extent of variation; complete group that is included between two points on a scale of measurement or quality.
A complex mental state involving beliefs and feelings and values and dispositions to act in certain ways.