Tuesday, February 17, 2009

Marketing Definitions (1)

(1)

Above-The-Line Cost : Any cost involved in the advertising production process that is specifically listed in the budget .

Acceptable Price Range : The prices that buyers are willing to pay for goods or services .

Adaptation : The process of adjusting to environmental stimuli such that the stimuli become less noticed .

Adaptation Pricing Policy : Pricing for the rest of the world of adapting home country prices to local competitive and market circumstances. It also is known as polycentric pricing policy.

Agency Cost : The dollar reduction in welfare experienced by the principal due to the inherent nature of the agency relationship with management.

Anchor : The reference price or reference product in consumers comparisons.

Below-The-Line Cost : Any cost in the advertising production process that is not specifically itemized in the production budget .



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