Chapter 15 Flashcards

1
Q

AIDA model

A

A common model of the series of mental stages through which consumers move as a result of marketing communications: Attention leads to Interest, which leads to Desire, which leads to Action.

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2
Q

aided recall

A

Occurs when consumers recognize the brand when its name is presented to them.

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3
Q

closing the sale

A

Obtaining a commitment from the customer to make a purchase.

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4
Q

cold calls

A

A method of prospecting in which salespeople telephone or go to see potential customers without appointments.

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5
Q

contest

A

A brand-sponsored competition that requires some form of skill or effort.

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6
Q

cross-promoting

A

Efforts of two or more firms joining together to reach a specific target market.

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7
Q

deal

A

A type of short-term price reduction that can take several forms, such as a “featured price” (a price lower than the regular price); a “buy one, get one free” offer; or a certain percentage “more free” offer contained in larger packaging.

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8
Q

deceptive advertising

A

A representation, omission, act, or practice in an advertisement that is likely to mislead consumers acting reasonably under the circumstances.

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9
Q

informative advertising

A

Communication used to create and build brand awareness, with the ultimate goal of moving the consumer through the buying cycle to a purchase.

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10
Q

institutional advertisements

A

Used to inform, persuade, and remind consumers about issues related to places, politics, an industry, or a particular corporation.

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11
Q

lagged effect

A

A delayed response to a marketing communication campaign.

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12
Q

leads

A

A list of potential customers.

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13
Q

loyalty program

A

Specifically designed to retain customers by offering premiums or other incentives to customers who make multiple purchases over time.

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14
Q

persuasive advertising

A

Communication used to motivate consumers to take action.

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15
Q

point-of-purchase (POP) display

A

A merchandise display located at the point of purchase, such as at the checkout counter in a grocery store.

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16
Q

pop-up stores

A

Temporary storefronts that exist for only a limited time and generally focus on a new product or a limited group of products offered by a retailer, manufacturer, or service provider; give consumers a chance to interact with the brand and build brand awareness.

17
Q

preapproach

A

In the personal selling process, occurs prior to meeting the customer for the first time and extends the qualification of leads procedure; in this step, the salesperson conducts additional research and develops plans for meeting with the customer.

18
Q

premium

A

An item offered for free or at a bargain price to reward some type of behaviour, such as buying, sampling, or testing.

19
Q

product placement

A

Inclusion of a product in nontraditional situations, such as in a scene in a movie or TV program.

20
Q

product-focused advertisements

A

Used to inform, persuade, or remind consumers about a specific product or service.

21
Q

public service announcement (PSA)

A

Advertising that focuses on public welfare and generally is sponsored by non-profit institutions, civic groups, religious organizations, trade associations, or political groups; a form of social marketing.

22
Q

puffery

A

The legal exaggeration of praise, stopping just short of deception, lavished on a product.

23
Q

qualify

A

The process of assessing the potential of sales leads.

24
Q

relationship selling

A

A sales philosophy and process that emphasizes a commitment to maintaining the relationship over the long term and investing in opportunities that are mutually beneficial to all parties.

25
Q

reminder advertising

A

Communication used to remind consumers of a product or to prompt repurchases, especially for products that have gained market acceptance and are in the maturity stage of their life cycle.

26
Q

sampling

A

Offers potential customers the opportunity to try a product or service before they make a buying decision.

27
Q

social marketing

A

The application of marketing principles to a social issue to bring about attitudinal and behavioural change among the general public or a specific population segment.

28
Q

sweepstakes

A

A form of sales promotion that offers prizes based on a chance drawing of entrants’ names.

29
Q

telemarketing

A

A method of prospecting in which salespeople telephone potential customers.

30
Q

top-of-mind awareness

A

A prominent place in people’s memories that triggers a response without them having to put any thought into it.

31
Q

trade shows

A

Major events attended by buyers who choose to be exposed to products and services offered by potential suppliers in an industry.