Chapter 15: Marketing Communications Flashcards

1
Q

What is the role of promotion in the marketing mix?

A

Promotion informs, persuades, and reminds consumers of a product’s benefits to influence their opinion or elicit a response

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What is a promotional strategy?

A

A plan for the optimal use of promotion elements:
1. Advertising
2. Public relations
3. Personal selling
4. Sales promotion
5. Social media

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Define competitive advantage in promotional strategy

A

A unique aspect of a firm that causes target consumers to prefer it over competitors

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

What are the 2 major categories of communication in marketing?

A
  1. Interpersonal communication
  2. Mass communication
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What is interpersonal communication?

A

Direct, face-to-face communication between 2 or more people

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What is mass communication?

A

The communication of a concept or message to large audiences, often without immediate feedback

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

In the communication process, what roles do marketers play as senders and receivers?

A
  • Senders: they inform, persuade, and remind the target market
  • Receivers: they listen to adapt messages and identify new opportunities
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What is encoding in communication?

A

The conversion of a sender’s ideas into a message through words or signs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Define the concept of ‘noise’ in message transmission

A

Noise is anything that interferes with, distorts, or slows down the transmission of information

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

What is decoding in communication?

A

The process of interpreting the language and symbols sent by the source through a channel

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

What is feedback in the communication process?

A

The receiver’s response to the message, which can be gathered through market research, social media, or analytics

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

How have digital platforms and social media impacted the communication model?

A

Consumers can now act as senders, and feedback is more immediate and less impersonal

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

What are the 4 tasks that promotion can perform?

A
  1. Inform
  2. Persuade
  3. Remind
  4. Connect with target audience
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

What is the purpose of informative promotion?

A

To convert an existing need into a want or to stimulate interest in a new product, especially during the early product life cycle

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

What is persuasive promotion?

A

Designed to stimulate a purchase or action, often used during the growth stage of the product life cycle

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

What is reminder promotion?

A

Used to keep a product and its brand in the public’s mind, usually during the maturity stage of the product life cycle

17
Q

What is connecting in promotion?

A

Building relationships with customers through technological ties to encourage engagement and advocacy for the brand

17
Q

What is the promotional mix?

A

The combination of promotional tools such as advertising, public relations, personal selling, sales promotion, and social media

18
Q

What are the benefits and drawbacks of advertising?

A

It reaches a large audience at a low cost per contact, but the total cost can be high, especially in traditional media

19
Q

What is public relations?

A

A marketing function that evaluates public attitudes, identifies areas of public interest, and builds a program to earn public understanding

20
Q

What is sales promotion?

A

Marketing activities other than personal selling, advertising, and public relations that stimulate consumer buying and dealer effectiveness

21
Q

What is personal selling?

A

Personal, paid-for communication between 2 people with the aim to influence each other and close a sale

22
Q

What is content marketing?

A

The creation of valuable content for an audience, using digital means to attract customers to that content

23
Q

What are the 3 types of media in modern marketing communications?

A
  1. Paid media
  2. Earned media
  3. Owned media
24
Q

Define the AIDA concept in promotion

A

4 stages of consumer involvement in a promotional message:
1. Attention
2. Interest
3. Desire
4. Action

25
Q

How effective is advertising in the AIDA model?

A

Very effective: attention and interest
Somewhat effective: desire
Not effective: action

26
Q

What is Integrated Marketing Communications (IMC)?

A

The coordination of all promotional messages for a product to ensure consistency across all consumer contact points

27
Q

Why has IMC become increasingly important?

A

Due to the proliferation of media choices and the fragmentation of mass markets into smaller, more targeted segments

27
Q

What are they key factors affecting the promotional mix?

A
  1. Nature of the product
  2. Product life cycle stage
  3. Target market characteristics
  4. Type of buying decision
  5. Available funds
  6. Push/pull strategies
28
Q

What is a push strategy?

A

A strategy that uses personal selling and trade advertising to convince retailers or wholesalers to carry and sell merchandise

29
Q

What is a pull strategy?

A

A strategy that stimulates consumer demand to obtain product distribution, encouraging consumers to demand the product from retailers