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Lesson 631 of 1524

Entrepreneurial Marketing and Sales

One way to think of the marketing mix is to break it into the 7Ps: product, promotion, price, place, people, physical environment, and process.

Practice this chapter

One way to think of the marketing mix is to break it into the 7Ps: product, promotion, price, place, people, physical environment, and process. Entrepreneurial marketing is a set of unconventional practices that can help start-ups and younger firms survive in competitive markets.

Marketing refers to those activities companies use to identify consumers and convert them into buyers. Entrepreneurs often don’t have deep enough resources to use all of these marketing tools, so they need to be strategic in which ones they choose and how they execute them

marketing — umbrella term given to those activities that companies use to identify consumers and convert them into buyers. entrepreneurial marketing — set of unconventional practices that can help start-ups and younger firms survive in competitive markets. physical environment — where a service takes place or a product is manufactured. marketing mix — basic set of possible strategies and approaches that marketers use to reach their target market.

Worked example

What does “marketing” mean in Entrepreneurial Marketing and Sales?

  1. 1Use the wording this chapter gives for marketing.
  2. 2The book says: umbrella term given to those activities that companies use to identify consumers and convert them into buyers.
  3. 3Do not use the meaning of entrepreneurial marketing. That term means set of unconventional practices that can help start-ups and younger firms survive in competitive markets.

Result: umbrella term given to those activities that companies use to identify consumers and convert them into buyers

Why. That is the meaning this chapter gives for marketing.

Do not swap marketing and entrepreneurial marketing. marketing means umbrella term given to those activities that companies use to identify consumers and convert them into buyers. entrepreneurial marketing means set of unconventional practices that can help start-ups and younger firms survive in competitive markets.

Practice margin

This chapter

A fresh set from this chapter only. Choose 10 or 20. Multiple choice and fill-in, with no repeat inside the set.