Chapter 13 Flashcards
Promotion:
Communicating information between the seller and potential buyer or others in the channel to influence attitudes and behavior.
Personal Selling:
Involves direct spoken communication between sellers and potential customers
Mass Selling:
Communicating with larger numbers of potential customers at the same time.
Advertising:
Any paid form of nonpersonal presentation of ideas, goods, or services by an identified sponsor.
Publicity:
Any unpaid form of nonpersonal presentation of ideas, goods, or services.
Sales Promotion:
Refers to promotion activities other than advertising, publicity, and personal selling, that stimulate interest, trial, or purchase by final customers or others in the channel.
Sales Managers:
Concerned with managing personal selling.
Advertising Managers:
Manage their company’s mass-selling effort - in television, newspapers, magazines and other media.
Public Relations:
Communication with noncustomers, including labor, public interest groups, stockholders, and the government.
Sales Promotion Managers:
Manage their company’s sales promotion effort.
Integrated Marketing Communications:
The intentional coordination of every communication from a firm to a target customer to convey a consistent and complete message.
AIDA Model:
There are four promotion jobs:
(1) To get Attention
(2) To hold Interest
(3) to arouse Desire
(4) to obtain Action
Communication Process:
A source trying to reach a receiver with a message.
Source:
The sender of the message.
Receiver:
A potential customer.
Noise:
Any distraction that redues the effectiveness of the communication process. Example: when you talk during a commercial.
Encoding:
The source deciding what it wants to say and translating it into words or symbols that will have the same meaning to the receiver.
Decoding:
The receiver translating the message.
Pushing (a product through a channel):
Using a normal promotion effort (personal selling, advertising, and sales promotion) to help sell the whole marketing mix to possible channel members.
Pulling:
Getting customers to ask intermediaries for the product.
Adoption Curve:
Emphasizes the relations among groups and shows that individuals in some groups act as leaders in accepting a new idea.
Innovators:
The first to adopt
Early Adopters:
Well respected by their peers and often are opinion leaders. Tend to be younger, more mobile, and more creative than later adopters.
Early Majority:
Avoids risk and waits to consider a new idea after many early adopters have tried it it and liked it.
Late Majority:
Cautious about new ideas, often are older and more set in their ways.
Laggards/Nonadopters:
Prefer to do things the way they’ve been done in the past and are very suspicious of new ideas. Tend to be older and less well educated.
Primary Demand:
Demand for the general product idea, not just for the company’s own brand. Built during market introduction.
Selective Demand:
Demand for a company’s own brand. The main job is to persuade customers to buy, and keep buying, the company’s product. Built during market growth.
Task Method:
Basing the budget on the job to be done.