Ch.12 Vocab
Marketing 3310 with Lett at Auburn University
About this deck
By: Sam Townsley
Textbook:
Basic Marketing w/Student CD
Created: 2011-11-04
Size: 22 flashcards
Views: 3
Textbook:
Basic Marketing w/Student CDCreated: 2011-11-04
Size: 22 flashcards
Views: 3
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Promotion mix (marketing communications mix)
The specific blend of advertising, public relations, personal selling, sales promotion, and direct-marketing tools that the company uses to persuasively communicate customer value and build customer relationships.
Advertising
Any paid form of nonpersonal presentation and promotion of ideas, goods, or services by an identified sponsor.
Sales promotion
Short-term incentives to encourage the purchase or sale of a product or service.
Personal Selling
Personal presentation by the firm's sales force for the purpose of making sales and building customer relationships.
Public Relations
Building good relations with the company's various publics by obtaining favorable publicity, building up a good "corporate image," and handling or heading off unfavorable rumors, stories, and events.
Direct marketing
Direct connections with carefully targeted individual consumers to both obtain an immediate response and cultivate lasting customer relationships.
Integrated marketing communication (IMC)
Carefully integrating and coordinating the company's many communications channels to deliver a clear, consistent, and compelling message about the organization and its products.
Push strategy
A promotion strategy that calls for using the sales force and trade promotion to push the product through channels. The producer promotes the product to channel members to induce them to carry the product and to promote it to final consumers.
Pull strategy
A promotion strategy that calls for spending a lot on advertising and consumer promotion to induce final consumers to buy the product. If the pull strategy is effective, consumers will then demand the product from channel members, who will in turn demand it from producers.
Advertising objective
A specific communication task to be accomplished with a specific target audience during a specific period of time.
Advertising budget
The dollars and other resources allocated to a product or company advertising program.
Affordable method
Setting the promotion budget at the level management thinks the company can afford.
Percentage-of-sales method
Setting the promotion budget at a certain percentage of current or forecasted sales or as a percentage of the unit sales price.
Competitive-parity method
Setting the promotion budget to match competitors' outlays.
Objective-and-task method
Developing the promotion budget by (1) defining specific objectives; (2) determining the tasks that must be performed to achieve these objectives; and (3) estimating the costs of performing these tasks. The sum of these costs is the proposed promotion budget.
Advertising strategy
The strategy by which the company accomplishes its advertising objectives. It consists of two major elements: creating advertising messages and selecting advertising media.
Madison & Vine
A term that has come to represent the merging of advertising and entertainment in an effort to break through the clutter and create new avenues for reaching consumers with more engaging messages.
Creative concept
The compelling "big idea" that will bring the advertising message strategy to life in a distinctive and memorable way.
Execution style
The approach, style, tone, words, and format used for executing an advertising message.
Advertising media
The vehicles through which advertising messages are delivered to their intended audiences.
Return on advertising investment
The net return on advertising investment divided by the costs of the advertising investment.
Advertising agency
A marketing services firm that assists companies in planning, preparing, implementing, and evaluating all or portions of their advertising programs.
About this deck
By: Sam Townsley
Textbook: Basic Marketing w/Student CD
Created: 2011-11-04
Size: 22 flashcards
Views: 3
Textbook:
Basic Marketing w/Student CDCreated: 2011-11-04
Size: 22 flashcards
Views: 3
About StudyBlue
STUDYBLUE makes things that make you better at school.
Things like online flashcards with photos and audio.
Things like personalized quizzes and friendly reminders about when (and what) to study next.
Think of it as a digital backpack™: access to all of your study materials online and on your phone.
STUDYBLUE exists to make studying efficient and effective for every student, for free. Join us.
“I have used this website for three exams, and I see a huge difference in my test results.”
Naj
Naj