Chapter 17 exam review Flashcards
a paid form of nonpersonal communication that is transmitted to a target audience through mass media
advertising
both large and small organizations use conventional and online promotional efforts like advertising to:
change their corporate image
build brand equity
launch new products
promote current brands
promotes organizational images, ideas, and political issues; may be used to create a more favorable image of the organization
Institutional advertising
a type of institutional advertising that promotes a company’s position on a public issue
advocacy advertising
promotes the uses, features, and benefits of products
Product Advertising
two types of product advertisement:
pioneer
competitive
focuses on stimulating demand for a product category by informing potential buyers about the product
Pioneer advertising
attempts to stimulate demand for a specific brand by indicating a brand’s features, uses, and advantages relative to competing brands
Competitive advertising
types of competitive advertising
comparative advertising
reminder advertising
reinforcement advertising
narrative advertising
compares the sponsor brand with other brand(s) on the basis of one or more product characteristics
Comparative advertising
reminds customers that an established brand is still around and still offers certain characteristics and benefits
Reminder Advertising
assures current customers that they have made the right choice and shows how to get the most satisfaction from the brand
Reinforcement advertising
digital advertising that matches the appearance and purpose of the content in which it is assembled
narrative advertising
designing a series of advertisements and placing them in various media to reach a certain audience
advertising campaigns
what are the 8 basic steps to developing an advertising campaign
- Identifying and analyzing the target audience
- defining the advertising objectives
- creating the advertising platform
- determining advertising appropriation
- developing the media plan
- creating the advertising method
- executing the campaign
- evaluating advertising effectiveness
the group of people at whom advertisements are aimed
target audience
how must advertisers research the target audience?
location & geographic distribution
distribution of age, income, race, sex, and education
consumer attitudes regarding the purchase and use of the advertiser’s products and competing products
define the advertising objectives
objectives guide campaign development
objectives should be stated clearly, precise, and in measurable terms
objectives in advertising are stated in terms of sales and communication
benchmarks help advertisers evaluate progress and success
the basic issues or selling points an advertiser wishes to be included in the advertising campaign
should consist of issues important to customers
is the base on which a marketer builds the message and should be carefully constructed
Advertising platform
the total amount of money a marketer advocates for advertising for a specific time period
advertising appropriation
what are 4 factors that affect a firm’s budget?
geographic size of market, distribution of buyers, type of product, firm’s sales volume vs. competitor’s sales volume
determining campaign objectives and then attempting to list the tasks required to accomplish them
objective-and-task approach
marketers must multiply the firm’s past (plus a factor for growth or decline) by a standard percentage that the industry typically spends on advertisings
percent-of-sales approach
trying to match competitor’s advertising appropriations
competition-match approach
budget specified by high-level executive int the firm; can lead to under or over-spending
Arbitrary approach