MARKETING MIX
A composition, designed by E. Jerome McCarthy, which encompasses the following marketing strategies or 4Ps: product, price, place, and promotion. When it pertains to a consumer-centric mix, it includes the three other Ps of marketing: people, process, and physical evidence, as well as three Cs: cost, consumer, and competitor. Each marketing managers has their own marketing approach to every component of 4Ps, which is dependent on the industry and target of their marketing plan. Nevertheless, it is intended to generate optimum income.
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Tit for Tat
Game theory mechanism subject to a payoff matrix similar to a prisoner’s dilemma. Anchored on the concepts of retaliation and altruism, this ...
Nonsegregated Disclosures
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Product Line
A series of related products which are all made or manufactured by the same company.
Behavioral Economics
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Infant-Industry Theory
A theory stating the emerging domestic industries must be protected against foreign competition until they become established and mature. In econom ...
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Principles of Trading: Well Known Trading Instruments
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Ethical Investing: Activism and Advocacy of Shareholders
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