Chapter 14 Flashcards
….. is the specific blend of promotion tools that the company uses to persuasively communicate customer value and build customer relationships.
The promotion mix
….. is any paid form of nonpersonal presentation and promotion of ideas, goods, or services by an identified sponsor.
Advertising
….. is a short-term incentive to encourage the purchase or sale of a product or service.
Sales promotion (Discounts, coupons, displays, demonstrations)
…. is the personal interaction by the firm’s sales force for the purpose of engaging customers, making sales and building customer relationships.
Personal selling
….. is creating, inspiring and sharing brand messages and conversations with and among consumers across a fluid mix of paid, owned, earned and shared channels.
Content marketing
….. involves carefully integrating and coordinating the company’s many communications channels to deliver a clear and consistent message about the organization and its products.
Integrated marketing communications (IMC)
AIDA Model
Get “A”ttention
Hold “I”nterest
Arouse “D”esire
Obtain “A”ction
- …. relates to the audience’s self-interest.
- …. is an attempt to stir up positive or negative emotions to motivate a purchase.
- …. is directed to an audience’s sense of what is right and proper.
- Rational appeal
- Emotional appeal
- Moral appeal
….. involves cultivating opinion leaders and letting them to spread information about a product or service to others in their communities.
Buzz marketing
….. involves the communicator understanding the effect on the target audience by measuring behavior resulting from the content.
Collecting feedback
The ….. sets the promotion budget at a certain percentage of current or forecasted sales or as a percentage of the unit sales price.
percentage of sales method
The ….. sets the promotion budget to match competitors’ outlays.
competitive parity method
The ….. develops the promotion budget by specific promotion objectives and the costs of tasks needed to achieve these objectives.
objective and task method