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2.5 Language practice

2.5.1 Match the English terms in the left-hand column with the definition in the right-hand column.

1

Product positioning

A

All of the communications that a marketeer may use in the marketplace.

2

Test market

B

A process that can allow an organization to concentrate its limited resources on the greatest opportunities to increase sales and achieve a sustainable competitive advantage.

3

Marketing research

C

The opposite of an investment.

4

Pricing

D

A list of all planned expenses and revenues.

5

Cost centre

E

A tangible good or an intangible service that is mass produced or manufactured on a large scale with a specific volume of units. 

6

Product mix

F

A form of communication intended to persuade an audience to purchase or take some action upon products, ideas, or services.

7

Boston Box model

G

It has to do with the life of a product in the market with respect to business/commercial costs and sales measures.

8

Promotion

H

The extent to which an enterprise or a nation actually uses its potential output.

9

Field experiment

I

The total composite of products offered by a particular organization

10

Budget

J

The process of determining what a company will receive in exchange for its products.

11

Product

K

It evaluates the products of an organization according to their market share and to their growth prospects.

12

Marketing strategy

L

A geographic region or demographic group used to gauge the viability of a product or service in the mass market prior to a wide-scale roll-out.

13

Advertising

M

Price, product, distribution, promotion.

14

Product life cycle

N

The process by which marketers try to create an image or identity in the minds of their target market for its product, brand, or organization.

15

Capacity

O

The systematic gathering, recording, and analysis of data about issues relating to marketing products and services.

16

Divestment

P

A scientific method to examine an intervention in the real world rather than in the laboratory.

17

Marketing mix

Q

A division that adds to the cost of an organization, but only indirectly adds to its profit.