key terms and concepts.docx - Tyjaun Walton Sept 7 2018 3rd Key terms and concepts 1 What is the difference between consumer and industrial markets The

key terms and concepts.docx - Tyjaun Walton Sept 7 2018 3rd...

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Tyjaun Walton Sept 7, 2018 3 rd Key terms and concepts 1.What is the difference between consumer and industrial markets?The difference between industrial goods and consumer goods is thatindustrial goods are those necessary to produce consumer goods and services. 2.What is the relationship among market segmentation, target markets, and customer profiles? 3. Name the four P’s of the marketing mix and explain the importance of a target market for each of them. Product, Place, Price and, Promotion.
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