Marketing Key Terms

Beschreibung

Covers all aspects of marketing for Unit 1 and Unit 3 Edexcel GCSE Business
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Zusammenfassung der Ressource

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market share The percentage (%) of all the sales within a market that are held by one product or brand.
Cash Cow A product or brand that has a high share of a declining market as analysed in the Boston Matrix.
Dog Little or no market share in a market with low or no growth.
Boston Matrix A way to analyse the product portfolio of a business in terms of market share and market growth.
market growth The expansion of a market; sales are growing.
cashflow The movement of cash into and out of a business. A business has to manage this so that it does not run out of money.
extension strategy A plan to lengthen a product’s lifecycle.
maturity The stage in a product’s life cycle where sales are at their highest and where profits will begin to fall.
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