12.1 The Promotion Mix Flashcards
What are the five major promotion tools in a company’s total promotion mix?
The five major promotion tools in a company’s total promotion mix are
advertising,
sales promotion,
personal selling,
public relations (PR), and
direct and digital marketing.
What is advertising?
Advertising is any paid form of nonpersonal presentation and promotion of ideas, goods, or services by an identified sponsor.
Definition of sales promotion
Sales promotion. Short-term incentives to encourage the purchase or sale of a product or service.
Definition of Personal selling
Personal selling. Personal customer interactions by the firm’s sales force to engage customers, make sales, and build customer relationships.
Definition of Public relations (PR)
Public relations (PR). Building good relations with the company’s various publics by obtaining favourable publicity, building up a good corporate image, and handling or heading off unfavourable rumours, stories, and events.
Definition of Direct and digital marketing?
Direct and digital marketing. Engaging directly with carefully targeted individual consumers and customer communities to both obtain an immediate response and build lasting customer relationships.
What is the role of public relations (PR) in the promotion mix?
Public relations (PR) involve 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.
How does direct and digital marketing engage with consumers?
Direct and digital marketing engages directly with carefully targeted individual consumers and customer communities to both obtain an immediate response and build lasting customer relationships.
Why is it important to coordinate the entire marketing mix for the greatest impact?
It is important to coordinate the entire marketing mix—promotion, product, price, and place—for the greatest impact because all elements of the mix communicate something to buyers, and a coherent and consistent message across all channels can enhance the effectiveness of the overall marketing strategy.