chapter 17 review Flashcards
sales promotion
incentives that encourage customer so bu products or services. encourage customers to try new projects.
News Release
An announcement that is sent to media outlets. Used to announce newsworthy development, such as news about products
institutional promotion
creates a favorable image for a business.
Traffic builder
low cost premiums
public relationships
Activities to create a favorable image for a company, its products, or its policies. They can enable an organization to influence a target audience.
Trade promotions
sales promotions activities designed to get support for a product from manufacturers, wholesales, and retailers
Promotional mix
combination of strategies and cost-effective allocation of resources of company uses to reach its promotional goals
trade shows
showcase a particular line of product they provide businesses with opportunities to introduce new products.
Promotional Tie-Ins
Also known as cross promotion and cross selling campaign
Push Policy
you take product to the customer
pull policy
the customer comes to you
Product Promotion
Is used by business to convince prospects to select it’s product or instead of a competitors.
Promotion
Persuasive communication the goals of promotional activities are summarized by the phrase AIDA