MKT205

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

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

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

____________is a pattern of living adopted by an individual.

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

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

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

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

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

Mass marketing can also be referred to as ____________ marketing

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

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

13. 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

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

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

16. ______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.

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

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

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. 

20. 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.

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

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

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

24. There are ______functions in marketing

25. In _____ the marketer offers one product or uses one blend of marketing mix to serve the whole market.

26. 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.

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

28. ____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.

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

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

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

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

Financial services are the economic services providers by the ________.

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

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

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

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

_______________concept believes that organizations, while focusing on consumer satisfaction, should reconcile such objective with social and environmental considerations. 

The first step in the marketing process is ________

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

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

42. ______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.

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

Services often cannot be separated from their__________. 

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

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

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

48. _________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.

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

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