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Thursday, October 4, 2012

Marketing Glossary

Advertising  Advertising is any paid form of non-personal presentation and promotionof ideas, goods and services through mass media such as newspapers,magazines, television or radio by an identified sponsor.

Advertising budget  The total amount of money that a marketer allocates for advertisingover a period of time

After-sales service  The services received after the original goods or services have been paidfor. Often this service is provided as part of a warranty or guaranteescheme.

Agent  Part of the distribution channel. An agent is effectively a wholesalerwho represents buyers and sellers on a relatively permanent basis,performs only a few functions and does not take title to goods