Chapter 13: Promotional Essentials Flashcards
____ involves various forms of communications to inform, persuade, or remind.
Promotion
- Advertising
- Sales Promotion
- Public Relations
- Personal Selling
- Digital and Social Media Marketing
Promotion Mix
______ involve decisions about which combination of elements of the promotion mix best communicate with customers and potential customers.
Promotional Strategies
A ______ tracks the effectiveness and efficiency of the promotional strategies for a particular product or product line over a given time period.
Promotion Campaign
____ is the focus is on the channel of distribution and in getting the offering into the channel.
Push Strategy
____ is the focus that shifts to stimulating demand for an offering directly from the end-user.
Pull Strategy
____ is the application of marketing concepts within the organization.
Internal Marketing
Buyers often pass through purchase decision processes in three steps:
- cognitive (learn)
- affective (feel)
- behavioral (do)
_____ is using digital technologies like desktops, laptops, and smartphones to market value offerings. (Customers controls where, when, and how they interact with marketers.)
Digital Marketing
______ is easier and less expensive than ever and with more depth and breadth than ever and gives marketers a more holistic view of people.
Data Collection
Paid Media (Potential Issues)
- Difficulty standing out
- Declining response rates
- Potential credibility issues
Owned Media (Potential Issues)
- Potential credibility issues
- Potentially substantial development effort required
- Desired results may be achieved over longer time horizons
Earned Media (Potential Issues)
- Lack of control
- Communications and conversations may be negative
- Value can be difficult to measure
____ is the creation and execution of an advertisement via any form of digital media.
Digital Advertising
Digital Advertising Benefits:
- Rich data allows for a granular view of the ad’s performance.
- Strategy can be quickly adjusted.
- Distribute different information to different customer groups.
- Ad expense is justified by targeting desired customers.