3.2 - Branding and Promotion Flashcards
What is the purpose of promotion in the marketing mix?
Promotion is designed to inform consumers about a product or persuade them to buy it, with objectives like increasing sales, profits, and awareness.
What are some forms of media used in advertising?
Media used includes:
Print (newspapers, magazines)
Film
TV (e.g., prime-time ads)
Radio
Billboards
Internet (e.g., online ads, social media)
What factors influence the choice of advertising media?
Target customers
Audience size
Cost-effectiveness (e.g., prime-time TV is expensive but reaches more people).
What are some advantages of digital communication in advertising?
Targeted ads based on user interests.
Cost-efficient (e.g., paying only for clicks).
Allows for viral marketing (ads shared through social media).
What are some limitations of digital advertising?
Ads may be ignored (e.g., pop-ups closed immediately).
Overexposure can lead to reduced effectiveness.
How is advertising used for niche markets?
Specialist media, such as magazines or trade journals, are used to target niche markets (e.g., advertising fishing gear in a fishing magazine).
What are sales promotions?
These include competitions, free gifts, and special offers to increase sales or awareness.
What are the disadvantages of sales promotions?
Customers may wait for promotions to buy, reducing profits on each sale.
Overuse of promotions can erode brand value.
What is direct marketing?
Sending promotional material directly to customers, such as mailshots or emails, often targeting specific consumer groups.
What is personal selling, and what are its limitations?
Definition: Communication between a salesperson and a customer (e.g., in stores or via phone).
Limitations: Expensive salaries and travel costs, with a more limited reach than TV ads.
What is public relations (PR), and what challenges does it pose?
Definition: Managing media relations to raise awareness or create a good public image.
Challenges: Difficult to control media reporting, which could lead to negative publicity.
How does branding support promotion?
Branding uses recognizable logos, names, or slogans to ensure promotional material is instantly linked to a business or product.
What is corporate branding?
Corporate branding reflects how a business presents itself, often including separate product brands aimed at different consumer groups (e.g., Kellogg’s red font for its brand).
What is product branding?
Specific products within a corporate brand have their own logos and slogans (e.g., Kellogg’s Rice Krispies’ “Snap, Crackle, and Pop”), while still associating with the corporate brand.
What is own branding?
Products branded by retailers (e.g., supermarket-owned brands). They are cost-effective to produce but may be perceived as lower quality.