Tuesday, October 9, 2012

Marketing Glossary

Innovators

Innovators are those who adopt new products first. They are usually relatively young, lively, intelligent, socially and geographically mobile. They are often of a high socioeconomic group (“AB’s”).

Intensive distribution

Intensive distribution aims to provide saturation coverage of the market by using all available outlets

Internal marketing

The process of eliciting support for a company and its activities among its own employees, in order to encourage them to promote its goals. This process can happen at a number of levels, from increasing
awareness of individual products or marketing campaigns, to explaining overall business strategy.

Introduction stage

A product's first appearance in the marketplace, before any sales or profits have been made