Chapter 1 Notes Flashcards
IBP
the use of multiple promotional tools for a brand to get a lot of exposure
model of mass communication
production, accommodatio/negotiation, and reception
accomodation and negotiation
interpret message according to life experiences and values
reception
history, understanding, meaning
5 target audience
households, members of business orgs, members of trade channel, professionals, and government officals and employees
marketing mix
advertisingg, products, prices, and distribution
information and persuasion
how are brands unique and different from one another
new brands/extensions
adaption of an existing brand to a new product area
brand loyalty
attached meaning to certain brands/products
creating an image and meaning of brand
personal connection
global advertising
used worldwide
international advertising
different ads in different national marets and culture
national advertising
reaches all geographic areas of a single nations
regional advertising
concentrate on certain geographic regions
local advertising
in a single cirt or state
cooperative advertising
national and local
market segmentation
meeting different consumers wants and needs via segments with similar consumer characteristics
differentiation
differentce between brands and competition which is based on consumer perception - which may emphasize featyres or disinct image
positioning
where a brand stands in a persons mind because consumers have a perceptual sace
external positioning
niche - select features and values of brand
internal positioning
similar brands marketed within a firms producgt line
repositioning
update the brand with new features and image
primary demand stimulation
product category i.e. Milk and toothpaste
selective demand stimulation
unique benefits of a brand i.e. dairygold milk and crest
direct response advertising
immediate
delayed response advertising
developing awareness and reinforce benefits - not immediate
corporate advertising
creates favorable attitude
brand advertising
specifics of a brand
IMC
communications efforts - the old IBC