As an Amazon Associate I earn from qualifying purchases.

Prospect Notes: Definitions & Explanations PDF Download

Study Prospect lecture notes PDF with marketing definitions and explanation to study “What is Prospect?”. Study prospect explanation with marketing terms to review marketing course for online MBA programs.

Prospect Definition:

  • A purchase, a vote, or a donation by a prospective client.

    Principles of Marketing by Philip T. Kotler, Gary Armstrong



Prospect Notes:

A prospect is a potential client that has been qualified as fitting certain criteria. Prospects don't must have demonstrated an enthusiasm for purchasing. They simply need to meet the above criteria. For instance, in the event that you sell virtual help administrations to independent companies, a prospect would be a private company administrator (target showcase), that can bear the cost of your administrations, and who can settle on the choice to employ you. On the off chance that your contact doesn't have authorization to settle on a purchasing choice, at that point he's not your prospect. Deciding whether a contact is a business prospect is the initial phase in the selling procedure. When you've confirmed that the individual meets the criteria, he is a prospect and you can move into the following period of the selling procedure.

Keep Learning with Marketing Notes

What is Competitive Marketing Intelligence?

Competitive market intelligence describes that how companies gather and analyze information based on market survey. Information can be collected for ...

What is Perception?

Observation builds up the significance about an item or brand when a buyer reaches. In showcasing, this is depicted as ...

What is Undifferentiated (mass) Marketing?

Undifferentiated promoting is otherwise called mass showcasing, which comprises of disregarding any of the market fragments and displaying a similar ...

What is Government Market?

An administration market is where the customers are bureaucratic, state, and nearby governments. Governments buy the two merchandise and enterprises ...

What is Total Quality Management?

TQM is the nonstop procedure of distinguishing and lessening or dispensing with mistakes in assembling, streamlining production network the board, ...

What is Integrated Marketing Channel System?

Coordinated multi channel promoting isn't just an innovative issue. It is somewhat a vital, trans-formative way that organizations, particularly the ...