MKT205

____________is used when a new product is introduced into a market in which there are no competitors. 

2. _______is the type of structure much pronounced in the military organisation where scalar principle is practiced.

3. The ________concept holds that consumers, if left alone will ordinarily not buy enough of the organization’s products

4. _________is made up of the share contribution of members plus the reserves of all types, undistributed profits and the members’ entrance fees

5. _________is the process of planning and executing the conception, pricing, promotion, and distribution of ideas, goods and services to create exchanges that satisfy individual and organizational goals.

6. The three core areas of corporate strategy are strategic analysis, strategic development and ______

7. A _______is that who is active in the affairs of the business but not known to the public as a partner

The first step in the marketing process is ________

9. A high level of Literacy rate is a major condition in _____________marketing

 ________________ should be done in such a way that the brand name must attract the attention of customers.

__________is defined as the act or process of growth, progress and improvement within a physical setting.

12. A _____is a credit granted to any business organisation with a view to defer payment for the goods received for a specific period of time.

13. _________theory is made up of motivator factors and hygiene factors

14. ________ provides value for the people involved in the organisation

15. The ______concept holds that consumers would favour products that are available and highly affordable.

_____________________is defined as the process by which marketing plans are developed for products. 

____________ is defined as those activities, benefits, or satisfactions which are offered services for sale, or are provided in connection with the sales of goods. 

18. ________partner is not involved in managing of the business and doesn’t receive salary

19. In _______ segmentation consumers are grouped according to variables such as age, sex, marital status, income, education, occupation, race, religion.

20. _______is an association of two to twenty persons carrying on a business in common with the view of making profit

___________ is concerned principally with making the product available at the desired time and place. 

Marketing came into Nigeria banks after ____ not in form of application of the marketing concepts but inform of advertising and after promotional concepts. 

23. _________is any act or performance that one party can offer to another that is essentially intangible and does not result in the ownership of anything. Its production may or may not be tied to a physical product.

24. There are ______functions in marketing

__________ differentiation is often adopted when a company is faced with competition. 

26. ______theory is made up of physiological, safety or security, social affiliation, esteem and self- actualization needs),

27. Capitalization of income, method of valuation is the procedure for determining the ____

28. Financial institutions are most often described as being ________ in nature.

Financial institutions because it has the same nature of service must be creative and ___________ to market needs.

30. Hornby (2006) defined __________as the process or stimulating the interest of people to do something

31. _______is a process of creating, maintaining and enhancing strong value added relationships with customers and other stockholders.

_________ is the creation, development and delivery of products and services that satisfy the needs and wants of the customer, at a profit.

The source of new product can either be internal or ______________.

34. ______states that disinterest in the formal economy reflects the status of Nigeria's policies and tax regime, which have long been deemed detrimental to the growth of viable enterprises.

35. ________aims at dividing a large heterogeneous market into homogenous groups or segments, and developing a marketing mix that will appeal directly and efficiently to buyers in each.

_______________ is defined as anything that has the capacity to produce the satisfaction use or perhaps, the profit desired by the customer”.

___________concept believes that consumers can be induced to buy more through various sales stimulating devices. 

38. _________consists of members’ deposits, loan from cooperative banks, loan from government and trading credits.

39. ______ is the document that regulates the activities of the partnership business.

40. _____is the type of partner(s) who take active part in the formation, financing and management of the business.

41. _________is an organisation where some specialist functions have developed.

Mass marketing can also be referred to as ____________ marketing

43. _________stated that capitalization deals with the capital structure of a business in relation to the amount of equity, its composition and changes in it.

44. ______is an individual who is known to the public as a partner but who does not take active part in the management of the firm.

Since no company can operate in every market and satisfy every need, there is need for market ________________. 

 A firm that uses ___________ sets a price only slightly higher than the cost of the product. 

______________ refers to a short-term arrangement where both the buyer and seller have an interest in providing a more satisfying exchange. 

48. Koce (2009) defined__________ as the obligation (of managers) to pursue the policies, to make decisions, or to follow lines of action which are desirable in terms of objectives and values of our society.

49. The _________concept holds that the key achieving organizational goals consists in determining the needs and wants of target markets and delivering the desired satisfactions more effectively and efficiently than competitors

50. ____defines strategic planning as a disciplined effort to produce fundamental decisions and actions that shape and guide what an organization is, what it does, and why it does it, with a focus on the future.