Chapter 17 Flashcards
Components of Integrated Marketing Communication (IMC)
- Personal Selling
- Sales Promotion
- Advertising
- Direct Marketing
- Public Relations
Paid non-personal media communication through various mass media channels.
Advertising
Advertising campaigns are made bigger by:
- Product Placement
- Sponsorship
Product Placement
Marketers pay a fee to display a product prominently in a film or TV show.
Sponsorship
An organization supports an event or activity with money or similar resources in exchange for direct association with the event or activity.
Personal selling
a seller’s promotional presentation conducted person-to-person with a buyer
What ways does personal selling take place?
Face-to-face
Over the telephone
By online video
(The oldest form of promotion)
Sales promotion
Marketing activities that provide a short-term incentive to make a purchase.
What ways can provide a short term incentive to make a purchase?
Displays Trade shows Coupons Contests Samples Premiums Product demonstrations
Direct marketing
The use of direct communication to generate a response in the form of an order, a request for further communication, or a visit to a place of business.
What does Direct Marketing consist of? (Besides direct mail)
Direct-response advertising and infomercials on television
Direct-response print advertising
Direct-response online advertising
A firm’s communications and relationships with its various stakeholders, including customers, suppliers, stockholders, employees, the government, and the general public
public relations
publicity
an aspect of public relations where marketers seek unpaid placement of news about the company or a product in mass media or on social media.
- Because companies don’t pay for publicity, they have less control over whether the press publishes good or bad news.
Using unconventional, innovative, and low-cost techniques to attract consumers’ attention.
Guerilla Marketing
Buzz marketing
Marketing firms may hire students to mingle among classmates and friends, creating a buzz about products.
- Another form of viral marketing.
Sender
Source of the message communicated to the receiver.
Message
A communication of information.
What is an effective message?
Gains the receiver’s attention
Achieves understanding by both receiver and sender
Stimulates the receiver’s needs and suggests an appropriate method of satisfying them.
AIDA Concept
The steps consumers take in reaching a purchase decision.
What does the acronym AIDA mean?
Attention
Interest
Desire
Action
Encoding
Translating a message into understandable terms and transmitting it through a communication channel.
Decoding
The receiver’s interpretation of the message.
Feedback
The receiver’s response.
Noise
forms of interference with the transmission of a message that reduces its effectiveness.
Channel
The medium for delivering a message, such as a salesperson, a PR outlet, a website, or an advertising medium.
What are the most common promotional objectives?
Create awareness
Stimulate demand
Encourage product trial
Retain loyal customers
Potential customers must know that a product exists.
The importance of creating awareness isn’t limited to new products. How is this achieved?
Billboards
Posters
Streaming radio ads