chapter 14 Flashcards
What is integrated marketing communication (IMC)? What is the goal of IMC? Why do we need IMC?
integration of companyʻs different communication channels to deliver a clear and compelling message about brand or products
What is the promotion mix? Understand each promotional tool. know the benefits of each
-*engage consumers, persuasively communicate customer value, and build customer relationship
-advertising: broadcast, print, online, mobile, outdoor
-personal selling: sales presentations, trade shows
-sales promotion: discounts, coupons, displays, events
-direct and digital marketing: direct mail, email, catalogs, online, social media
-public relations: press release, event sponsorship, webpages
What are some factors that contribute to the changing landscape of communication?
-consumers: better informed, empowered
-digital technology: new ways of communicating
-marketing strategy:
from traditional mass media (ex. TV, magazines, newspapers) to target media (ex. online, social, mobile)
from standard content to personalized content
from force-feeding to engaging
emergence of content marketing
What is the difference between cognitive appeal and affective appeal in advertising? When does a marketer want to leverage each of these in advertising?
-cognitive appeal → take central route
-affective appeal → peripheral route
What is content marketing?
-creating, inspiring, and sharing brand messages and conversations with and among consumers across a fluid mix of channels
-Paid: TV, radio, print ads, email marketing
-owned: company websites, events, corporate blogs
-earned: PR media channels not directly paid or controlled by the marketer
-shared: social media, blogs, mobile media, viral channels
How to develop effective marketing communication?
-Party 1: sender → encoding(symbolic form) → message(set of symbols) → decoding(meanings of symbols) → noise(where when ads play)
-Party 2: receiver → response → feedback
What are some nonpersonal communication channels?
-major media: broadcast media, print media, display media, online and digital media
-atmosphere: designed environments that create the buyerʻs learnings toward buying product
-events: staged occurrences that communicate messages
What are the pros and cons of each promotion budgeting method?
affordability
-pros: good for staying within budget
-cons: underspending and lack of planning
percentage of sales
-pros: simple and calculate
-cons: confuses cause and effect
competitive parity
-pros: match competitors
-cons: doesnʻt consider unique needs
objective and task
-pros: aligns with promotional objectives
-cons: hard to calculate