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Marketing Glossary:
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Proof of Concept
- Also referred to as concept testing. The testing of new products, services or ideas before executing a fully involved marketing plan, production and fulfillment. Proof of concept is also used to describe a pilot project executed by a customer before rolling out on a larger scale.
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Lifetime Value of a Customer
- A marketing principle used to describe the cumulative (total) financial value of one customer, over the lifetime of a business-customer relationship. Many marketers overlook this extremely important concept. Successful marketers know that it costs more money to acquire new customers, so they...
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Internet Marketing Directory:
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- What is Marketing?
- Marketing is the social process by which individuals and groups obtain what they ... The marketing concept is a philosophy, not a system of marketing or an organizational ...
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- Marketing
- Marketing, including the marketing concept, the marketing process, situation analysis, market definition and segmentation, the product lifecycle, and the marketing mix.
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- What Is a Marketing Concept?
- A concept is the overall idea or structure of something and marketing is how a product is moved through a channel to reach its target consumer. ...
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- What is Concept Marketing?
- This important perspective is commonly known as the marketing concept. ... The marketing concept is about matching a company's capabilities with customer wants. ...
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- Rave Marketing Concepts
- In a world of Integrated Marketing Communications, it is important that business owners ... Copyright © 2007 Rave Marketing Concepts. All rights reserved. ...
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- Marketing Concept
- An introduction to the marketing concept, with a short discussion of the production concept and the sales concept for historical perspective.
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