3.4f - Promotional Mix Flashcards
Promotion definition
Communication aimed at informing and persuading customers to buy a product
Above the line promotion definition
Promotion that is targeted at a specific market but can be seen by anyone
Examples of above the line promotion:
- TV
- Newspaper
Below the line promotion definition
Promotion that has direct control over who it reaches
Examples of below the line promotion:
- Personal selling
- Mail-shots
What does successful promotion cause?
- Attention
- Interest
- Desire
- Action
Promotional mix definition
The specific mix of promotional methods that a business uses to pursue its marketing objectives
What are the main elements of the promotional mix?
- Advertising
- Sales promotion
- Personal selling
- Direct marketing
- Sponsorship
Public relations definition
Activities that create goodwill towards the business
Merchandising definition
The process of maximising the effectiveness of retail distribution (e.g. point of sale displays)
Sales promotion definition
Incentives designed to stimulate purchases (e.g. BOGOF)
Advantages of sales promotion:
- Effective at achieving a quick boost to sales
- Encourages customers to trial a product or switch brands
- Raise brand awareness
Disadvantages of sales promotion:
- Sales effect may only be short-term
- Customers may expect further promotions
- May damage brand image
Direct marketing definition
Promotional material directed through mail, email or telephone to individual households
Advantages of direct marketing:
- Focus limited resources
- Personalise the message
- Easy to measure response and success
- Cost-effective