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Economics

basics of economics

Contributors in Economics

Economics

Active Data

Economy; Economics

Information that is acquired by organisations when customers interact with their websites; the information is relayed to the organisations either by means of cookies – unique identifiers that allow ...

Maslow's Theory of Motivation

Economy; Economics

The theory that human needs are hierarchical in nature and that a person must satisfy lower-order needs before higher-order needs can be attended to; thus, when a lower-order need is satisfied it ...

Activity Report

Economy; Economics

A report used by salespeople to provide details (such as number of calls made, new accounts opened, displays arranged, dealer sales meetings attended and so on) to management as a measure of their ...

Activity Stage Model

Economy; Economics

The process in which the various tasks that need to be done to bring a new product to market are mapped out in sequential order. See New Product Development.

Actual Product

Economy; Economics

The tangible features of a product, including styling, quality level, features, brand name and packaging; also called the Formal Product or Tangible Product. See Augmented Product; Core Product.

Active Listening

Economy; Economics

Listening that is more than passively hearing what the customer is saying; implies the need for a salesperson to think while listening and to evaluate what is being said.

Sampling Error

Economy; Economics

A measure of the extent to which the chosen sample in a marketing research study can be expected to represent the total population on the characteristics being studied.

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