Terms
| Term | Definition |
|---|---|
| Package Inserts |
Information included within a package that is used to communicate with customers after they open the product package such as instruction manuals, promotional incentives and information on other company products. |
| Parity Pricing |
A competitive pricing method in which initial price is set at levels that are the same as competitors’ prices. |
| Partial-Service Research Firm | |
| Perception |
The internal processing of stimuli (e.g., advertisements) that shapes how a person sees themselves and the world they live in. |
| Perceptual Filter |
A component of the internal influences on consumer buying behavior that affects, through both conscious and subconscious processes, how a consumer perceives the world. |
| Peripheral Stakeholders |
Represent groups, such religious organizations, community activists, and cause supporters, that are part of a marketing organization’s external forces but that may not routinely impact the marketer unless specific issues arise. |
| Personal Interview |
Method of data collection, often associated with Qualitative Research, that allows researchers to talk one-on-one with a respondent thus providing the opportunity to dig deeper and find out additional details that may not be available through other methods. |
| Personal Selling |
Promotional method in which one party (e.g., salesperson) uses personal contact to build relationships with another party (e.g., those involved in a purchase decision) that results in both parties obtaining value. |
| Personal Selling Systems |
A direct distribution system involving a person whose main responsibility is to create and manage sales (e.g., salesperson) generally by persuading the buyer to place an order. |
| Personality |
A component of the internal influences on consumer buying behavior that represents the perceived personal characteristics that a person consistently exhibits, especially when that person acts in the presence of others. |
| PLC - Product Life Cycle |
Used as a tool for depicting the concept that products go through several stages of “life” with each stage presenting the marketer with different challenges that must be met with different marketing approaches. |
| Podcasting |
Name given to a method of delivery of audio and video programming that a user can download to a media devices, such as MP3 players or video player, thus allowing for playback on the user’s own schedule. |
| POP Display (also Point-of-Purchase Display) |
A form of trade sales promotion that are generally found in retail outlets and allow products to be prominently presented thereby increasing the probability the product will standout. |
| Potential Customers |
Those who have yet to purchase but possess what the marketer believes are the requirements to eventually become a customer. |
| Premiums |
A form of sales promotion, used in both consumer and business markets, in which free merchandise is given-away, though these products are generally not the actual product but have some connection to the actual product (e.g., free coffee cup imprinted with product logo). |




