Chapter 11 Flashcards
Promotion mix
A specific blend of advertising, public relations, personal selling, sales promotion and direct-marketing tools that the company uses to persuasively communicate customer value and build customer relationships
Integrated marketing communications
Careful integration of a company’s many communications channels to deliver a clear, consistent and compelling message about the organisation and its brands
Push strategy
A promotional strategy using the salesforce and trade promotions to push the product through marketing channels to final consumers. The producer promotes the product to channel members, who in turn promote it to final consumers
Pull strategy
The producer directs its marketing activities (primarily advertising and consumer promotion) towards final consumers to induce them to buy the product
Advertising objective
A specific communication task to be accomplished with a specific target audience during a specific period of time
Advertising budget
The dollars and other resources allocated to a product or company advertising program
Affordable method
The promotion budget is set at the level the company can afford
Percentage-of-sales method
The promotion budget is set at a certain percentage of current or forecasted sales
Competitive-parity method
The promotion budget is set to match competitors’ outlays
Objective-and-task method
The promotion budget is set by defining specific objectives and determining the promotional tasks required to achieve these objectives. The budget is set to cover the costs of these tasks
Advertising strategy
Consists of two main elements: creating advertising messages and selecting advertising media
Creative concept
A ‘big idea’ that will bring the message strategy to life in a distinctive and memorable way
Execution style
The approach, style, tone, words and format chosen for executing the message
Advertising media
The vehicles through which advertising messages are delivered to their intended audiences
Return on advertising investment
The net return on advertising investment divided by the costs of the advertising investment