Business English

-Describing Companies ✓ Raising finance ✓ SWOT analysis ✓ Large concerns vs SME's ✓ Project planning ✓ Marketing ✓ E-Commerce ✓ Corporate social responsibility (CSR) ✓

-Describing Companies ✓ Raising finance ✓ SWOT analysis ✓ Large concerns vs SME's ✓ Project planning ✓ Marketing ✓ E-Commerce ✓ Corporate social responsibility (CSR) ✓

Tobias Dose

Tobias Dose

Kartei Details

Karten 164
Sprache English
Kategorie Englisch
Stufe Universität
Erstellt / Aktualisiert 17.01.2018 / 20.05.2019
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shopping centre

a purpose-built area or building in a town centre with a number of shops

shopping mall

purpose-built area or building outside town with a number of shops

franchises

owned by the people, that run them, but they only sell goods of one company

franchisor

company that provides goods, organizes advertising and offers help and support. Take percentage of the profits

Above-the-line (ATL)

marketing though traditional media channels, mass advertising

Below-the-line (BTL)

form of media advertising, where people get adressed more individually

Through-the-line (TTL)

multi-channel marketing using both ATL and BTL communication channels

premium pricing

use a high price where there is a substantial competitive advantage

penetration pricing

price charged for products is set artificially low in order to gain market share

economy pricing

marketing and manufacturing costs are kept to a minimum

price skimming

starting with a high price and the price falls due to increased supply

psychological pricing

consumer responds on an emotional basis, e.g. charging 99 cents instead of 1 dollar

captive product pricing

companies will charge a premium price where the consumer cannot choose a competitive product

product bundle pricing

sellers combine serveral products in the same package

generation z

the youngest generation

tweens

consumers in the age group from six to twelve years old

teens

consumers in the age group from thirteen to nineteen years old

twentysomethings

consumers in the age group from twenty to twenty-nine years old

generation y

consumers born after generation x

generation x

consumers born after baby boomers

baby boomers

consumers born between 1946 and 1964

the silver market

seniors over 65 years old

the pink market

market for homosexuels

product launch (stage of PLC)

the introduction of a new product to the market (Problem children)

growth (stage of PLC)

products are fast-growing and generate high cash flows (Stars)

maturity (stage of PLC)

products generate profit but little market growth (Cash cows)

decline (stage of PLC)

products with a low relative market share and low market growth (Poor dogs)

one-to-one marketing

marketing based on the idea of treating different customers differently

data mining

analyse the data of customers

identify (IDIC)

company must identify who is an actual customer and should know about knowledge of their customers

differentiate (IDIC)

differentiate your customers based on their individual needs and value to your organization

interact (IDIC)

interact with your customers in a two-way dialogue to understand their expectations

customize (IDIC)

customize some aspects of your products based on what you learn from your customers

need for info (customer club concept)

how much info the customer needs

brand significance (customer club concept)

how important the brand is for the customer who buy

brand abassador 

person who represents the brand

relative market share

shows how a company is faring in terms of its leading competitor

product placement

advertising a product by supplying it for use in films

viral marketing 

a marketing activity about a product which spreads between people on the internet

circulation figures (for a magazine)

the number of copies it distributes on an average day