Marketing: Creating Value for Customers.


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Chapter 1 Key Terms

marketing (p. 6)functional benefits (p. 17)
exchanges (p. 7)social benefits (p. 17)
organizational buyers (p. 7)personal benefits (p. 18)
consumers (p. 7)experiential benefits (p. 18)
needs (p. 7)monetary costs (p. 19)
wants (p. 7)temporal costs (p. 19)
macromarketing (p. 8)psychological costs (p. 19)
micromarketing (p. 8)behavioral costs (p. 19)
production orientation (p. 9)shopping costs (p. 19)
sales orientation (p. 10)transactions costs (p. 19)
marketing orientation (p. 11) marketing management (p. 21)
marketing concept (p. 12)marketing plans (p. 21)
value-driven marketing (p. 12)marketing mix (p. 22)
direct relationship (p. 12)product (p. 22)
indirect relationship (p. 12)price (p. 22)
stakeholder (p. 15)placement (p. 22)
customer value (p. 15)promotion (p. 23)






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