Chapter 12 - Advertising and Public Relations Flashcards
Advertising
Any paid form of nonpersonal promotion by an identified sponsor
Sales Promotion
Short‑term incentives to encourage purchase
Personal Selling
Personal presentation by the firm’s sales force
Public Relations (PR)
Building good relations with the company’s various publics by obtaining favorable publicity, and building up a good corporate image
Direct and Social Media Marketing
Direct connections with carefully targeted individual consumers to both obtain an immediate response and cultivate lasting customer relationships
Integrated Marketing Communications (IMC)
Integrating and coordinating the company’s many communications channels to deliver a clear, consistent, and compelling message about the organization and its products
Push Strategy
A promotion strategy that calls for using the sales force and trade promotion to push the product through channels; the producer promotes the product to channel members that in turn promote it to final consumers; business-to-business
Pull Strategy
A promotion strategy that calls for spending a lot on consumer advertising and promotion to induce final consumers to buy the product, creating a demand vacuum that pulls the product through the channel; business-to-customer
Affordable Method
Setting the promotion budget at the level management thinks the company can afford
Percentage-of-Sales Method
Setting the promotion budget at a certain percentage of current or forecasted sales or as a percentage of the unit sales price
Competitive-Parity Method
Setting the promotion budget to match competitors’ outlays
Objective-and-Task-Method
Developing the promotion budget by defining specific objectives, determining the tasks that must be performed to achieve these objectives, and estimating the costs of performing these tasks
Advertising Appeals
Should have the three characteristics of being meaningful, believable, and distinctive
Slice of Life
Shows one or more “typical” people using the product in a normal setting
Lifestyle
Shows how a product fits in with a particular lifestyle