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Marketing Glossary                           Back to Glossaries Home

Marketing is the art of promoting products and services. Advertising and Branding plays a big part in Marketing but in professional terms it is much more than this. The Product management and marketing relates the end user needs into specifications for actual products and services. Pricing deals with the discounts and in fuller sense setting a value for a product or service in terms of money. Once we have the actual product or service to offer and a price is fixed we need promotion to make it visible to the targeted customers which is done through advertising, publicity, direct selling or other methods. While we advertise the thing that goes hand n hand with this is placement of the product. Where and how is this going to be sold, is it sold online or is it sold retail, or is it sold in specific regions or to specific industries. The popular term marketing mix just refers to these four P's Product, Pricing, Promotion and placement.

As one might have guessed marketing is a vital piece in today's highly competitive world and hence a vast array of techniques were invented over the years. Some of the references we have in here will provide with the basic set of glossary which would enhance your vocabulary to be marketing savvy.

Glossary of Marketing related terms:


The Marketing Process includes the following steps. The first and foremost is the Analysis of the three C's Consumers, Competition and Company. This is followed by the marketing strategy formulation which includes Market segmentation, targeting and positioning. This is done to further strengthen the success factor of the products sold by the company. Once the marketing strategy is derived the next step is to formulate the marketing mix as define earlier in this page. The final step is implementation and control which would eventually kick off any of the above three based on requirements. one more aspect that goes hand in hand is Marketing research. The best opportunities lie in the segments where the company is fulfilling the company and consumer needs and is completely different from the the competitor's offering.


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