Ch.17 Flashcards
A method used by a business/organization to create a favorable image for itself, as opposed to promoting a product or service
Institutional promotion
Where organizations can develop product recognition by making sure that it is featured in special events, on television, or in the movies
Product Placement
Shows and conventions that are designed to showcase a particular line of products and to specifically reach customers in the chain of distribution
Trade shows
A public relation’s activity that involves bringing news or newsworthy information about an organization to the public’s attention
Publicity
This strategy directs promotional activities towards customers to entice the customer to the store
Pull Policy
Involves the promotion of a company in association with a property, venue, or event
Sponsorship
Higher-priced products earned and given through contests, sweepstakes, and rebates
Incentives
Free trial size of a product sent through the mail, distributed door-to-door
Product Samples
Low-cost items given to consumers at a discount or for free
Premiums
Promotions that represent all marketing activities - other than personal selling, advertising, direct marketing and public relations - that are used to stimulate consumer purchasing and boost sales.
Sales promotion
A type of promotion that companies use to address individuals directly through direct mail, e-marketing, or telephone
Direct marketing
Involves sales promotional arrangements between one or more retailers or manufacturers and combine their resources to do a promotion that creates additional sales for each partner
Promotional Tie-ins
This strategy is used to promote a product using a mix of personal selling, advertising, and buying discounts to encourage partners in the distribution channel to stock the products being promoted
Push policy
Sales strategies designed to encourage customers to buy a product
Consumer sales promotion
A type of promotion that requires sales reps to make individual contact with potential buyers, making it the most expensive form of promotion
Personal selling
Activities designed to influence a target audience; these campaigns try to influence general opinion and create a favorable public image
Public relations
Pre-written story about a company that is sent to the various media
News Release
Promotional activities designed to gain manufacturers’, wholesalers’, and retailers’ support for a product
Trade promotions
Any paid form of non-personal promotion of ideas, goods, or services found everywhere
Advertising
The cost-effective combination of the different types of promotion used to reach company goals
Promotional Mix
Higher-priced products earned and given through contests, sweepstakes, and rebates
Incentives
Low-cost items given to consumers at a discount or for free
Premiums
A method used by a business/organization to convince potential customers to buy their products instead of buying from a competitor
Product Promotion
Sales strategies designed to encourage customers to buy a product
Promotion
What are the five basic categories in the promotional mix
Personal selling
Advertising and direct marketing
Sales promotion
Public relations