Chapter 14 Flashcards
Promotion
Marketing activities that air to raise customer awareness of a product or brand,
generating sales and helping to create brand loyalty.
Advertising
Paid-for communication with customers: Informative (giving information about
the product); Persuasive - creating an image that increases customer desire for it
Sales promotion
Incentives such as special offers or rewards to achieve a short-term increase in sales.
Target market/audience
The consumer groups that are the potential buyers of a product.
Marketing budget
The financial plan for the marketing of a product over a specific time period
includes the amount to be spent on promotion.
e-commerce
and selling of goods and services using computers linked to the internet