9 - Branding and promotion Flashcards
Promotion
the method a business uses to communicate with customers
Above the line promotion
advertising through the meida such as radio, TV, internet ect
Below the line promotion
All other forms of promotion that arent advertising, such as packaging and merchandse ir sales promotions like coupons
What may affect the choice in method of promotion?
cost
product type
stage in the product lifecycle (Pr often used to launch new products)
competitors promotions
target audience
an advert may be used to:
- infrom customers
- remind customers
- persuade customers
- reasure customers
A brand
more than logo ect, represents characteristics and personality of the brand
ways to build a brand
exploit usp
advertising
sponsorship
social media
improtance of branding
builds trust
makes a product regonisable
adds value
can charge more
types of brand
manufacturers brand
own-label brand
generic brad
manufacturers brand
e.g kellogs cornflakes
own label
brands associated with the retailer, like tesco orange juice
generic brand
product that doesnt have a particular brand assoicated with it, like carrots
social media
attracting followers to social media sites is a key focus of marketing spending for many businesses
viral marketing
the grwoth of social media is a huge opportunity for businesses to build brand awarness
emotional branding
businesses often associate themslevs with things people are emotionally connected to such as sports teams