Chapter 1 Flashcards

1
Q

Mobile marketing

A

Communicating with target markets through mobile devices

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2
Q

Sweeping Shift in ADV and IBP

A

Old media: ADV was “pushed” at potential
consumers
New media: We now “pull” media messages

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3
Q

Advertising definition

A

Advertising is paid, mass mediated attempt to persuade

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4
Q

Client/sponsor

A

The company or organization that pays for advertising

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5
Q

The key challenge for ADV remains the same:

A

Effectively communicate the brand

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6
Q

Three criteria for communication to be classified as advertising:

A
  1. Must be paid for
  2. Must be delivered to an audience via mass media
  3. Must be attempting persuasion
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7
Q

Integrated Brand Promotion (IBP) definition

A

The process of using a wide range of promotional tools that work together to create widespread brand exposure

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8
Q

What advertising isn’t:

A

♠ public relations / publicity
♠ public service announcements (PSAs)
♠ personal selling, sales promotions, etc.

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9
Q

It’s important to understand about advertising:

A

Advertising can be a persuasive message about an idea; it’s not only just about products.

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10
Q

Distinctions within Advertising (advertisements v. advertising campaign)

A

♠ Advertisements: distinct messages designed to persuade
♠ Advertising Campaign: an integrated, coordinated series of ads and promotions that communicate a central theme or idea.

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11
Q

Three components that make an add effective:

A

♠ Strategy
♠ Creativity
♠ Execution

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12
Q

Some examples of IBP tools

A

♠ Advertising in mass media (television, radio…)
♠ Sales promotions (coupons, discounts, trial offers…)
♠ Internet advertising (banners, pop-ups)
♠ Event sponsorship

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13
Q

The Advertising Process

A
  1. Message production
  2. Message negotiation (individuals see the advertisement and interpret it through their own mental filters)
  3. Message reception (individuals receive the message, and decide what it means (if anything!)
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14
Q

Ads do not have a single meaning

A

Ads are interpreted by each audience member according to her or his unique set of experiences, values and beliefs.

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15
Q

Target audience

A

Particular group of consumers singled out by an organization for an advertising or IBP campaign

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16
Q

Audience

A

A group of individuals who receive and interpret messages sent from companies and organizations

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17
Q

Audience categories

A
♠ Household consumers
♠ Business members
♠ Professionals 
♠ Government employees
♠ Trade members
18
Q

Audience geography

A
♠ Global
♠ International
♠ National
♠ Regional
♠ Local
19
Q

Cooperative advertising

A

Sharing of advertising expenses between national companies and local merchants

20
Q

Marketing definition

A

The process of planning and executing the conception, pricing, promotion, and distribution of ideas, goods, and services to create exchanges that satisfy individual and organizational objectives.

21
Q

The Marketing Mix – the “4 P’s” (The mix (or blend) of responsibilities inherent in marketing)

A
  1. Product
  2. Place (distribution)
  3. Price
  4. Promotion (advertising one of the tools)
22
Q

Brand extension/variant

A

An adaptation of an existing brand to a new product area.

23
Q

Brand equity

A

Set of brand assets linked to a brand, its name and symbol.

24
Q

Advertising influences brand development and management in 5 ways

A
  1. Information - ADV informs and persuades target audiences about the value(s) of a brand
  2. Introduction - new brands (or extended brands) are introduced via ADV
  3. Loyalty - repeated exposure via ADV to brands helps create loyalty
  4. Image - ADV helps enrich the image(s) and meaning(s) associatedwith a brand – deeper connections with consumers.
  5. Trade loyalty ADV helps establish brand loyalty within the Trade
25
Q

Market segmentation

A

The process of breaking down a large, widely varied (heterogenous) market into submarkets, or segments, that are more similar (homogenous) than dissimilar in terms of consumer characteristics.

26
Q

Differentiation

A

The process of creating a perceived difference, in the mind of the consumer (consumer perception), between a brand and its competition.

27
Q

Positioning

A

The process of designing a brand so that it can occupy a distinct and valued place in the target consumer’s mind relative to other brands.

28
Q

External brand position

A

The niche the brand will pursue relative to all the competitive brands on the market.

29
Q

Internal brand position

A

Achieved with regard to the other, similar brands the firm itself markets.

30
Q

Repositioning

A

Occurs when a brand believes that a brand needs to be revived or updated to address changing market or competitive conditions.

31
Q

Three broad types of advertising

A
  1. Primary v. Selective Demand Stimulation
  2. Direct v. Delayed Response Advertising
  3. Corporate v. Brand Advertising
32
Q

Primary Demand Stimulation

A

Create demand for an entire product category

33
Q

Selective Demand Stimulation

A

Point out a brand’s unique benefits compared to the competition.

34
Q

Direct Response Advertising

A

ADV that asks consumers to act immediately

35
Q

Delayed Response Advertising

A

ADV builds brand awareness and perception over time

36
Q

Corporate advertising

A

ADV that attempts to create a favorable attitude toward a company. Not designed to promote a specific brand

37
Q

Brand Advertising

A

ADV that communicates about a specific brand

38
Q

Institutional advertising

A

Any type of advertising intended to promote a company, corporation, business, institution, organization or other similar entity. Such advertising does not attempt to sell anything directly.

39
Q

Value

A

Perception by consumers that a brand provides satisfaction beyond the cost incurred to obtain that brand. (ex, bottled water)

40
Q

Economic Effects of Advertising

A
  1. Value
  2. Prices - ADV influences product prices (higher and lower)
  3. Competition - ADV motivates businesses to compete
  4. GDP - ADV pushes consumer product demand and spending.
41
Q

Integrated Marketing Communications

A

♠ The practice of using diverse marketing tools to send a consistent, persuasive message to target audiences.
♠ Emphasis was on “communication” not on brand. Now, with IBP, companies and organizations want to build brand awareness, identity, and preference through advertising and promotion.

42
Q

Brand definition

A

A name, term, sign, symbol, or any other feature that identifies one seller’s good or service as distinct from those of other sellers.