Chapter 1 Flashcards

0
Q

IMC

A

Integrated marketing communications

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1
Q

Marcom

A

Marketing communications

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2
Q

B2C

A

Business to consumer

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3
Q

B2B

A

Business to business

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4
Q

LBS

A

Location-based service

Example: mobile phone apps etc.

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5
Q

QR codes

A

Quick response codes or 2D barcodes

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6
Q

Marketing mix

A
Specific collections of certain levels of any brands 4Ps:
Product
Price
Place
Promotion
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7
Q

Communications

A

The process whereby commonness of thought is established and meaning is shared between individuals or between organizations and individuals

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8
Q

Marketing

A

The human activity directed at satisfying customers needs and wants through the exchange process

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9
Q

Marketing communications

A

Represents the collection of all elements in organizations marketing mix that facilitates exchange by establishing shared meaning with its customers

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10
Q

Promotional mix

A

Elements including advertising, public relations, sales promotion, personal selling, direct marketing, and online marketing/social media

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11
Q

Advertising

A

Any paid form of nonpersonal communication of ideas, goods, or services by an identified sponsor

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12
Q

Public relations (PR)

A

An organization no activity involved with fostering goodwill between the company and its various Publics

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13
Q

Publicity

A

Like advertising, is nonpersonal communication to a mass audience

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14
Q

Sales promotion

A

Promotional activities that attempt to stimulate short-term buyer behavior

Example: attempt to promote immediate sales

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15
Q

Personal selling

A

Is a paid person-to-person communication in which a seller determines needs and wants of prospective buyers and attempts to persuade these buyers to purchase the company’s products or services

16
Q

Direct marketing

A

An interactive system of marketing that uses one or more advertising media to effect a measurable response and/or transaction at any location

17
Q

Online marketing

A

Is the promotion of product and services over the Internet

Example: search engine marketing, banner ads, mobile advertising, and location-based apps

18
Q

Touch point/contact

A

Are used here as interchangeable terms to mean any message medium capable of reaching target customers and presenting the brand in a favorable light

19
Q

Positioning statement

A

Is the key idea that encapsules what a brand is intended to stand for in its target markets mind and then consistently delivers the same idea across all media channels

20
Q

Relationship

A

Is an enduring link between a brand and its customers