Chapter 13.1 Flashcards
Primary demand
Consumer desire for a general product category.
Promotion
Function of informing, persuading, and influencing a purchase decision.
Selective demand
Desire for a specific brand.
Integrated marketing communications (IMC)
Marketers coordinate all promotional activities- media advertising, direct mail, personal selling, sales promotion, and public relations- to produce a unified, customer-focused promotional strategy.
Promotional mix
Consists of 2 components- personal and nonpersonal selling- that marketers combine to meet the needs of their firms target customers and effectively and efficiently communicate it’s message to them.
Personal selling
A direct person-to-person promotional presentation to a potential buyer.
Communication can occur via face to face meeting or by telephone, video conference, or computer link.
Nonpersonal selling
Consists of advertising, sales promotion, direct marketing, and public relations.
Positioning
Marketers attempt to establish their products in the minds of customers.
The idea is to communicate to buyers meaningful distinctions about the attributes, price, quality, or use of a good or service.
Product placement
Marketers pay placement fees to have their products showcased in various media, ranging from newspapers, magazines, television and movies.
Guerrilla marketing
Involves innovative, low-cost marketing efforts designed to get consumers attention in unusual ways.
Advertising
Is a paid non-personal communication usually targeted at large numbers of potential buyers.
Product advertising
Consists of messages designed to sell a particular good or service.
Institutional advertising
Involves messages that promote concepts, ideas, philosophies, or goodwill for industries, companies, organizations, or government entities.
Cause advertising
Promotes a specific viewpoint on a public issue as a way to influence public opinion and the legislative process about issues such as literacy, hunger, and poverty, and alternative energy sources.
Advocacy advertising
A type of cause advertising used by not-for-profit organizations and businesses.