Chapter 17: integrated marketing communication and direct marketing Flashcards

1
Q

IMC represents

A

integrated marketing communication

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2
Q

def. Promotional mix (alternatives)

A

a combination of five promotional tools, including advertising, personal selling, sales promotion, public Relations, direct selling,

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3
Q

What are the six elements required for communication to occur?

A

the act of designing marketing communication activities

  • to provide a consist message across all media and all audiences
  • to maximize the efficiency of the promotional budget and effective impact of communication.
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4
Q

six elements of communication process

A
  1. source
  2. message
  3. channels of communication
  4. receivers
  5. encoding
  6. decoding
  7. the field of experience
  8. response
  9. feedback
  10. noise
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5
Q

what is channels of communication

A

the means by which a message is conveyed and received by a receiver

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6
Q

what is encoding

A

the process by which the sender transforms an abstract idea to a set of symbols

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7
Q

what is decoding

A

the receiver transforms the received set of symbols, the message, to an abstract idea.

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8
Q

The Field of Experience

A

similar (or shared) knowledge and understanding for communication to work effectively. A sender and a receiver must mutually share a field of experience.

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9
Q

what is the most essential part of effective communication?

A

the mutually shared fields of experience

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10
Q

response

A

the impact of the message on the receivers knowledge, attitude & behavior.

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11
Q

feedback

A

the communication flow from the receiver back to the sender

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12
Q

Noise

A

to extraneous factors that can work against effective communicators by distracting the message or the feedback processes.

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13
Q

A misprint in a newspaper ad is an example of _____.

A

noise

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14
Q

def. PR

A

a form of communication
by which management seeks
- influence the feeling, opinion, belief of customers and prospective customers, shareholders, suppliers, employees, and other publics (stake holders)
- about the firm or its products and services.
- indirect, non-personal, paid presentation

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15
Q

Publicity

A

a non-personal, indirectly paid presentation about an organization, good, or service.
A company does not pay for space in a mass medium but attempts to get the medium to run a favourable story on the company

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16
Q

Sales Promotion

A

short-term

increase interest in buying a good or service

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17
Q

personal selling

A

a two-way flow of communication between a buyer and seller

designed to influence a person’s or organization’s decision

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18
Q

advertising

A

The advertising on television, for example,
is paid
a form of non-personal communication with masses about an organization/service/goods. The space must be bought
presented by an identified sponsor

19
Q

direct marketing

A

promotional elements that

  • direct communication with consumers
  • to generate a favorable response
  • in the form of an order, request for information, visit an outlet or other desired responses
20
Q

Cost per contact is high with the ______________ element of the promotional mix.

A

personal selling

21
Q

5 factors to ensure the effectiveness of an IMC program

A

1, the target audience

  1. the communication task at each stage of PLC
  2. the choice of promotional elements appropriate for the product characteristics
  3. stages of buying decisions
  4. channel strategies
22
Q

def target audience

A

the target of the promotional audience (ultimate customers, intermediaries, distributors, etc.)

23
Q

the communication task in stages of product life cycle: intro, groth, maturity, decline

A

In Introduction Stage: To Inform
In Growth Stage: To Persuade
In Maturity Stage: To Remind/reinforce
Decline Stage: limit he investment in promotion

24
Q

The more ____ the product, or higher ____, the greater the emphasis on______. Similarly, the need for more _____services or post‑sales support required, the more important is ____.

A

complex

perceived risks

personal selling

ancillary

personal selling

25
Q

3 stages of buying decision and the communication task

A

pre-purchase: ad— inform both product and outlet, sales promotion (reduce the risk of trial) and maybe personal selling (create experience)
purchase stage ( sales promotion, coupons—- encourage demands)
post-purchase stage (personal selling— reduce cognitive dissonance and anxiety)

26
Q

2 Channel Strategies

A

push and pull

27
Q

push strategy

A

the manufacturer directing the promotional mix to channel members to encourage them to order and stock the product

28
Q

pull strategy

A

involves the manufacturer directing advertising and sales promotions to consumers to encourage them to ask retailers for the product – pulling the product through the channels.

29
Q

the four factors to develop a IMC– 4 W

A
who: audience 
what :1) the promotion objectives
2) the budget of promotion program
 3) promotional elements?
where to run the program
when: scheduling
30
Q

4 methods to set a promotional budget

A

percentage of sales

competitive parity

all-you-can-afford

objective and task

31
Q

the 6 steps to develop a promotional program

A
  1. find the target audience
  2. specify the objectives
  3. Setting the Budget
  4. Selecting the Promotional Tools
  5. Designing the Promotion
  6. Scheduling the Promotion
32
Q

the term that describes the sequence of stages that a consumer goes through in making a buying decision
and describe this sequences and the five key words in order

A

Hierarchy of effects

Awareness: Recognizing and remembering the brand
Interest: Increased desire to learn more about some of the product features
Evaluation: Appraising important features
Trial: Actual purchase and use
Adoption: Through a desirable first experience attempt repeat purchase

33
Q

who are the target audience

A

the group o prospective buyers

34
Q

which is the easiest approach to set a promotional budget?

A

percentage of sales

35
Q

which is the best approach to set a promotional budget?

A

objective and task

36
Q

why usually not use obj & task approach?

A

It requires the company have a detailed plan:1) determine its promotion objectives, 2) outline the tasks to accomplish the objectives, and 3) determine the costs of performing the tasks and allocate a budget to achieve them.

37
Q

How to judge the capital You should Spend on IMC?

A

use promotion to sales ratio and compare it with industry average and competitors’

38
Q

how to find promotion to sales ratio

A

Total Promotional Expenditure ($) / Total Sales ($)

39
Q

IMC audit is used for

A

assessing the company and agency capabilities for effective IMC implementation

40
Q

the two parts of IMC audit

A

pre- and post= testing

41
Q

What are the characteristics of good promotions objectives

A

(1) Be designed for a well-defined target audience, (2) Be measurable, and (3) Cover a specified time period.

42
Q

What are the weaknesses of the percentage of sales budgeting approach?

A

there has to be a direct correlation between that sales and promotion.

43
Q

what is pre-testing in IMC audit

A

each design before it is actually used allows changes and modifications which improve effectiveness.

44
Q

what is post-testing in IMC audit

A

to evaluate the impact of each promotional tool and their contribution toward reaching the promotional objectives.