Chapter 13: Promotion Concepts Flashcards

1
Q

Inform

A

seeks to convert an existing need into a want or to stimulate interest in a new product.
- let the customers know the product purpose and how it will benefit them.

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2
Q

Persuade

A
  • persuasive promotion is designed to stimulate a purchase or action.
  • the target market should have general product awareness and some knowledge of how the product can fulfill its wants.
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3
Q

Remind

A

Reminder promotion is used to keep the product and the brand name in the public’s mind.

  • during the maturity stage
  • assumes the product is already wanted, used to remind that the product will be needed again soon .
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4
Q

Promotional mix

A
  • advertising
  • public relations
  • Personal Selling
  • Sales Promotion
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5
Q

Advertising

A
  • any form of paid communication in which the sponsor or company is identified.
    benefits :
  • communicated to a large number at (media, television )
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6
Q

Public Relations

A
  • is the marketing function that evaluates attitudes, identifies areas in the organization that may interest the public, and executes a program of action to earn public understanding and acceptance.
  • allow them to communicate customers, suppliers, shareholders, government officials, employees, and the community in which it operates
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7
Q

Personal Selling

A
  • is a purchase situation in which two people communicate in attempt to influence each other.
  • presentations, purchaser and buyer
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8
Q

Sales promotion

A
  • constituents of all marketing activities,other than personal selling advertising, and public relations, that stimulate consumer purchasing and dealer effectiveness.
  • used to stimulate immediate increases in demand

(free samples, trade shows, coupons, vacations getaways)

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9
Q

AIDA

A

A metod of reaching promotional goals (people start buying product)

  • Attention
  • Interest
  • Desire
  • Action
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10
Q

Attention

A

The advertiser must gain the attention of the target market

  • promote and advertise
  • use of flashy labels
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11
Q

Interest

A

Generation of interest in the product

-characteristics and features that could benefit the user

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12
Q

Desire

A

Potential customers of the product may llike the concept of it, but may still be comparing it to another product
- creation of brand preference through features and incentives (Ipod- Itunes music store, long life battery, calendar to do list, more than just a music player)

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13
Q

Action

A

Convinced the customer to make the purchase

-some may be convinced but not yet make the purchase, continue to promote to

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14
Q

Integrate marking commnications (IMC)

A

is the careful coordination of all promotional messages–tradition advertising, direct marketing, interactive, public relations, sales promotion, personal selling, even marketing, and other communications– for a product or service to ensure the consistency of message at every contact point where a company meets the consumer

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15
Q

Factors Affecting the choice of promotion mix

A
Nature of the product
	Stage in PLC 
	Target market factors
	Type of buying decision
	Promotional funds
	Push or pull strategy
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