Business Plan Project Workbook

Chapter 8: Marketing Plan

Key Terms


total product experience  The features and benefits that a customer is seeking in a product or service
(See page(s) 104)
primary features  The basic elements of a product or service
(See page(s) 104)
auxiliary dimensions  The unique features that set a product apart from the competition
(See page(s) 104)
channel intermediaries  People or companies that specialize in certain aspects of distribution
(See page(s) 106)
integrated marketing campaign  A series of promotional strategies that work together to achieve specific marketing objectives
(See page(s) 107)
cost-based pricing  Pricing based on the cost of the product or service plus the cost of doing business plus the projected profit margin
(See page(s) 110)
demand-based pricing  Pricing based on what the customer is willing to pay
(See page(s) 110)
competition-based pricing  Pricing based on what competitors charge
(See page(s) 110)
flexible-price policy  A pricing policy in which customers pay different prices for the same type or amount of merchandise
(See page(s) 110)
one-price policy  A pricing policy in which all customers are charged the same price for goods and services
(See page(s) 110)
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