Friday, September 10, 2010

Terminology

Conglomerate- A combination of two or more corporations that are involved in entirely different businesses  together in the same building. (Viacom owns MTV, Dreamworks, Shockwave, BET, CMT, Comedy Central and more)


Demographic- The characteristic of a human population used by government, marketing or opinion research.



Early Adopter- A person who is given company products to start a new trend, they are know as trendsetters.



Coolhunting- Is a daily update on the new fashions and trends.


The Paradox Of Coolhunting- It kills what is finds, when people start wearing the new fashion people come up with an even newer fashion to keep up.


Synergy- Two or more agents working together to produce a result that is not used by any other agents.


Horizontal Integration- Describes a type of ownership or control. It is used by big businesses to sell the same product in numerous markets.


Ancillary Markets- Companies who sell their products to a lot of markets to get more profit.


The Feedback Loop- When companies do research to figure out the next trend.

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