chapter 17 Flashcards
A specific communication task to be accomplished with a specific target audience during a specific period of time
Advertising objective
Setting the promotion budget at the level the management thinks the company can afford
Affordable approach
Setting the promotion budget to match the competitor’s outlays
Competitive party approach
Developing the promotion budget by defining specific objectives, dtermining the tasks that must be performed to achieve these objectives, and estimating the costs of performing these tasks. The sum of these costs is the proposed promotion budget
Objective and task approach
Media selection can be passed on the following criteria (3)
- Reach
- Frequency
- Impact
Reach multiplied by frequency. GRPs may be
estimated for individual media vehicles. Media
planning is often based on ‘cost per 1000 GPR’
Gross rating points (GRPs)
Calculated by dividing the cost of an ad placed in a particular advertisement vehicle by the number of people who are exposed to that vehicle
Cost per thousand (CMP)
A business relationship between a provider of funds, resources or services and an individual, even, or organization which offers in return some rights and assocation that may be used for commercial advantages
Sponsorship
The use of a famous spokesperson in marketing communications
celebrity endorsement
The inclusion of a branded product in media, usually without explicit reference to the product.
Product placement