Chapter 11 Flashcards

1
Q

Promotion mix

A

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

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2
Q

Integrated marketing communications

A

Careful integration of a company’s many communications channels to deliver a clear, consistent and compelling message about the organisation and its brands

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3
Q

Push strategy

A

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

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4
Q

Pull strategy

A

The producer directs its marketing activities (primarily advertising and consumer promotion) towards final consumers to induce them to buy the product

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5
Q

Advertising objective

A

A specific communication task to be accomplished with a specific target audience during a specific period of time

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6
Q

Advertising budget

A

The dollars and other resources allocated to a product or company advertising program

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7
Q

Affordable method

A

The promotion budget is set at the level the company can afford

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8
Q

Percentage-of-sales method

A

The promotion budget is set at a certain percentage of current or forecasted sales

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9
Q

Competitive-parity method

A

The promotion budget is set to match competitors’ outlays

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10
Q

Objective-and-task method

A

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

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11
Q

Advertising strategy

A

Consists of two main elements: creating advertising messages and selecting advertising media

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12
Q

Creative concept

A

A ‘big idea’ that will bring the message strategy to life in a distinctive and memorable way

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13
Q

Execution style

A

The approach, style, tone, words and format chosen for executing the message

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14
Q

Advertising media

A

The vehicles through which advertising messages are delivered to their intended audiences

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15
Q

Return on advertising investment

A

The net return on advertising investment divided by the costs of the advertising investment

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16
Q

Advertising agency

A

A marketing services business that assists companies in planning, preparing, implementing and evaluating all or portions of their advertising programs

17
Q

Publicity

A

Activities to promote a company, or its products, by obtaining coverage in media not paid for by the sponsor