Chapter 15 Flashcards
Top-of-Mind Awareness
Highest level of awareness, when they mention specific retailer first upon being asked about the type of retailer, merchandise category, or type of service
Integrated Marketing Communications
Present a comprehensive, consistent message through all communications with customers
Marginal analysis Method
Based on the economic principle that firms should increase communication expenditures as long as each additional dollar spent generates more than a dollar of its contribution
Objective-and-task method
Determines the budget required to undertake specific tasks for accomplishing communication objectives
Rule-of-thumb methods
Opposite from the method above, this method used past sales and communication activities to determine the present communication logic.
Affordable Method
Method requires retailer to forecast sales and expense first, excluding communication expense, during the period of budgeting
Percentage-of-sales method
Sets the communication budget as a fixed percentage of forecast sales
Allocation of Promotional Budget
High Assay Principle
Allocate the budget to areas that will yield the greatest return
Aided recall
This is when consumers show that they know the brand when the name is presented to them.
Unaided recall
The moderator asks respondents to recall information without the aid of a cue or prompt