Chapter 13.1 Flashcards

0
Q

Primary demand

A

Consumer desire for a general product category.

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1
Q

Promotion

A

Function of informing, persuading, and influencing a purchase decision.

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2
Q

Selective demand

A

Desire for a specific brand.

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3
Q

Integrated marketing communications (IMC)

A

Marketers coordinate all promotional activities- media advertising, direct mail, personal selling, sales promotion, and public relations- to produce a unified, customer-focused promotional strategy.

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4
Q

Promotional mix

A

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.

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5
Q

Personal selling

A

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.

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6
Q

Nonpersonal selling

A

Consists of advertising, sales promotion, direct marketing, and public relations.

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7
Q

Positioning

A

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.

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8
Q

Product placement

A

Marketers pay placement fees to have their products showcased in various media, ranging from newspapers, magazines, television and movies.

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9
Q

Guerrilla marketing

A

Involves innovative, low-cost marketing efforts designed to get consumers attention in unusual ways.

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10
Q

Advertising

A

Is a paid non-personal communication usually targeted at large numbers of potential buyers.

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11
Q

Product advertising

A

Consists of messages designed to sell a particular good or service.

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12
Q

Institutional advertising

A

Involves messages that promote concepts, ideas, philosophies, or goodwill for industries, companies, organizations, or government entities.

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13
Q

Cause advertising

A

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.

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14
Q

Advocacy advertising

A

A type of cause advertising used by not-for-profit organizations and businesses.

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15
Q

Informative advertising

A

To build initial demand for a product in the introductory phase of the product life cycle.

16
Q

Persuasive advertising

A

Attempts to improve the competitive status of a product, institution, or concept, usually in the growth and maturity stages of the product life cycle.

17
Q

Comparative advertising

A

Compares products directly with their competitors- either by name or by inference.

18
Q

Reminder-orientated advertising

A

Often appears in the late maturity or decline stages of the product life cycle to maintain awareness of the importance and usefulness of a product, concept, or institution.