MKT205

1. ______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.

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

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

The term financial services become more prevalent in the United States partly as a result of the Gramm Leach-Bliley Act of the late ____, which enabled different types of companies operating in the U.S financial services industry at that time to merge. 

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

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

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

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

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

 ________ function is to provide logistics that delivers the products cost-efficiency on a timely basis. 

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

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

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

The first step in the marketing process is ________

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

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

17. There are ______ steps in decision-making model.

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

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

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

21. _________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.

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

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

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

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

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

____________is a pattern of living adopted by an individual.

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

Financial services are the economic services providers by the ________.

30. _________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.

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

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

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

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

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

36. ________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.

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

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

39. 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

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

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

 _____________ concept indicates that consumers are primarily interested in product quality, and know the quality and feature differences amongst the competing products. 

43. There are ______functions in marketing

Services often cannot be separated from their__________. 

Mass marketing can also be referred to as ____________ marketing

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

47. 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.

48. ____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.

49. Toyota and Honda companies use the ________concept for their brands of cars for Nigeria markets.

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