MKT Terms (Chapter 1 and 2)

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Implementation

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11 Terms
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Implementation

________: turning a marketing strategy to real- life actions.

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2
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Customer satisfaction

________: the extend to which a products perceived performance matches a buyers expectations.

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3
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Business portfolio

________: the collection of businesses and products that make up the company.

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4
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Needs

states of felt deprivation

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5
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Wants

the form humans needs take as they are shaped by culture and individual personality

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6
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Customer satisfaction

the extend to which a products perceived performance matches a buyers expectations

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7
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Strategic planning

the process of developing and maintaining a strategic

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8
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Business portfolio

the collection of businesses and products that make up the company

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9
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Value chain

the series of internal departments that carry out value

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10
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Value delivery network

performance of the entire system in delivering customer value

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11
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Implementation

turning a marketing strategy to real-life actions

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