FS MGMT II - TERMS 3

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Author:
lecaly
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107975
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FS MGMT II - TERMS 3
Updated:
2011-11-24 12:09:01
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FS MGMT II TERMS SECTION
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FS MGMT II - TERMS SECTION 3
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  1. Marketing management
    the process of planning and executing the development, pricing, promotion, and distribution of an organization's goods and/or services
  2. Marketing
    the process of planning and executing the development, pricing, promotion, and distribution of an organization's goods or services
  3. Market
    a group of potential customers having purchasing power and unsatisfied needs
  4. Market survey
    a study that is used by a business to determine where the potential customers are located
  5. Economic base
    wealth produced in or near a community that provides employment and income to the local population
  6. Competition
    practice of trying to obtain something that is being sought by others under similar circumstances at the same time
  7. The Census of Population
    a source of market data that compiles population statistics with regard to distribution of population by region, area, etc.
  8. The Census of Business
    a source of market data that explains where certain businesses are located (this specifies if its a merchandising, manufacturing or retailing business)
  9. The Census of Housing
    a source of market data that keeps track of new home sales by region and/or the construction of new houses by region and specific area
  10. The Census of Manufacture
    a source of market data that explains where certain manufacturers are located (this says what type of manufacturing is taking place)
  11. Advertising
    the art of making the public aware of the services or commodities that a business has for sale
  12. Sales promotion
    a plan which provides inducements to potential purchasers of products or services
  13. Public relations
    inducing the public to have a positive feeling about a particular business
  14. Merchandising
    the purchase, pricing, display and sale of merchandise
  15. Cash discounts
    discounts from quoted prices as an inducement for prompt payment of invoices
  16. Quantity discounts
    the amount by which the bill or invoice will be reduced when a minimum quantity of merchandise has been ordered
  17. Rebates
    the return of a portion of a payment
  18. Consignment
    to give to an agent to be cared for or sold
  19. Direct approach presentation


    Direct selection room procedure
    the method of selling merchandise whereby the funeral director remains in the selection room throughout the selection process
  20. Indirect approach presentation


    Indirect selection room procedure
    the method of selling merchandise whereby the funeral director does not stay in the selection room during the selection process
  21. Caskets
    a rigid container which is designed for the encasement of human remains and which is usually constructed of wood, metal, fiberglass, plastic, or like material and ornamented and lined with fabric
  22. Outer burial containers
    any container which is designed for placement in the grave around the casket including, but not limited to, containers commonly known as burial vaults, grave boxes, and grave liners
  23. Urns
    a container for cremated remains; a vase with a foot or pedestal
  24. Sundry items
    the various miscellaneous items provided or used to complement the services of a funeral director
  25. Funeral ceremony
    a service commemorating the deceased with the body present
  26. Visitation


    Calling hours


    Visiting hours
    time set aside for friends and relatives to pay respect for the deceased prior to the funeral service
  27. Memorial service
    a ceremony commemorating the deceased without the body present
  28. Graveside service
    a service to commemorate the deceased held at the cemetery prior to burial
  29. Direct cremation
    a disposition of human remains by cremation, without formal viewing, visitation, or ceremony with the body present
  30. Immediate burial
    a disposition of human remains by burial, without formal viewing, visitation, or ceremony with the body present, except for a graveside service
  31. Inventory


    Merchandise
    those goods or stock of goods which are held for resale;

    goods purchased for resale at a profit
  32. Cash discount
    a reduction of the price given for payment of an account within the time limits established by the sales contract
  33. Discount period
    a specific number of days during which a discount is available if the account is paid
  34. Economic Order Quantity (EOQ)
    quantity to be purchased which minimizes total costs
  35. Purchase discounts
    the amount of any discounts granted by suppliers to encourage prompt payment of their invoices
  36. Invoice
    a source document showing quantity, description, prices of items, total amount of purchase and the terms for payment

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