Chapter 18 Flashcards
Combination of one or more communication tools used: 1. Inform prospective buyers about benefits, 2. Persuade them to try it, and 3. Remind them later about the benefits they enjoyed.
Promotional Mix
Concept of designing marketing communications programs that coordinate all promotional activities – advertising, personal selling, sales promotion, public relations, and direct marketing – to provide a consistent message across all audiences
Integrate Marketing Communications (IMC)
Process of conveying a message to others that requires 6 steps
Communication
Company or person who has information to convey during communication process
Step 1 of Communication: Source
Information sent by a source to a receiver during communication process
Step 2 of Communication: Message
The means of conveying a message to a receiver during the communication process
Step 3 of Communication: Channel of Communication
Consumers who read, hear, or see the message sent by a source during the communication process
Step 4 of Communication: Receivers
Having the sender transform an idea into a set of symbols during the communication process
Step 5 of Communication: Encoding
Having the receiver take a set of symbols, the message, and transform them back to an idea during the communication process.
Step 6 of Communication: Decoding
- Encoding 2. Decoding 3. Field of Education 4. Response 5. Feedback 6. Noice
Steps Messages Go Through
Mutually shared understanding and knowledge that the sender and receiver apply to a message so that can communicate effectively during the communication process.
Field of Experience
In the Feedback loop, the impact the message had on the receiver’s knowledge, attitudes, or behaviors during the communication process
Response
In the Feedback loop, is the sender’s interpretation of response, which indicates whether a message was decoded and understood as intended during the communication process
Feedback
Consists of extraneous factors that can work against effective communication by distorting a message or the feedback received during the communication process
Noice
Any paid form of nonpersonal communication about an organization, product, service, or idea by an identified sponsor.
Advertising
Two-way flow of communication between a buyer and seller, often in a face-to-face encounter, designed to influence a persons, or groups purchase decision.
Personal Selling
Nonpersonal, indirectly paid presentation of an organization, product, or service
Publicity
Communication management that seeks to influence the feelings, opinions, or beliefs held by customers, prospective customers, stakeholders, suppliers, employees, and other public about a company and its products.
Public Relations
Short-term inducement of value offered to arouse interest in buying a product or service.
Sales Promotion
Promotion alternative that uses direct communication with consumers to generate a response in the form of an order, a request for further information, or a visit to a retail outlet.
Direct Marketing
Directing the promotional mix to channel members to gain their cooperation in ordering and stocking the product.
Push Strategy
Directing the promotional mix at ultimate consumers to encourage them to ask the retailer for a product.
Pull Strategy
Sequence of stages a prospective buyer goes through from initial awareness of a product to eventual action that includes awareness, interest, evaluation, trial and adoption
Hierarchy of Effects
Allocating funds to promotion as a percentage of past or anticipated sales, in terms of either dollars or units sold
Percentage of Sales Budgeting
Allocating to promotion by matching the competitor’s absolute level of spending or the proportion per point of market share. Also called matching competitors or share market.
Competitive Parity Budgeting
Allocating funds to promotion only after all other budget items are covered
All-you-can-afford Budgeting
Allocating funds to promotion whereby the company, 1. Determines its promotion objectives, 2. Outlines the tasks to accomplish these objectives, and 3. Determines the promotion cost of performing these tasks
Objective and Task Budgeting
Result of a direct marketing offer that contains all the information necessary for a prospective buyer to decide to purchase and completer the transaction
Direct Orders
Result of a direct marketing offer designed to generate interest in a product or service and a request for additional information
Lead Generation
Outcomes of a direct marketing offer designer to motivate people to visit a business
Traffic Generation