Chap 9 Flashcards
What are the Challenges in Media
Audience Fragmentation
Increasing cost
Increasing bying Complexity
Increasing Competition
Marketing Objectives and Strategy
plan defines the market need and the company’s sales objectives and details strategies for attaining those objectives Marketing situation (SWOT) Marketing Mix
Advertising Objectives and strategy
The objectives and strategies of an advertising plan unfold from the marketing plan
advertising objectives focus on communication goals
Media-Planning Framework
Know0, when, where, and under what conditions best to contact customers.
Development of a media plan involves the same process as marketing and advertising planning.
The 5 M
Markets Money media Mechanics Methodology
Frequency
How many time we wish to reach our target
Reach
The number or percentages of people in the target audience we wish to target.
Reasons to use mixed media
Reach more people Repeat exposure in less expensive media Add intrinsic Deliver print coupons product synergy
individuals are primarily motivated by one of three things
ideals (or basic principles)
achievement (tangible markers of success or accomplishment),
self-expression (a desire for experiences or to take risks)
The purpose of VALS is to help marketers identify
whom to target, uncover what the target group buys and does, locate where concentrations of the target group live, identify how best to communicate with them, and gain insight into why the target group behaves the way it does.
Media objectives translate
the advertising strategy into goals that media can accomplish
Audience objectives
define the specific types of people the advertiser wants to reach
effective reach
describe the quality of exposure. It measures the number or percentage of the audience who receive enough exposures to truly receive the messag
Scope of the Media Plan
The location and makeup of the target audience strongly influence the breadth of the media plan
Domestic Markets A media planner normally limits advertising to areas where the product is availabl
International Markets Foreign media can be a challenge for U.S. advertisers