Chapter 19 - Advertising, PR, and Sales Promotions Flashcards
Promotion mix
- Specific blend of promotion tools
- Used by companies to: Engage consumers, persuasively communicate and build customer relationships
Major promotional tools
1) Advertising
2) Sales promotion
3) Personal selling
4) PR
5) Direct and digital marketing
Advertising
Any paid form of nonpersonal presentation and promotion of ideas, goods, or services by an identified sponsor
Sales promotion
Short‑ term incentives to encourage the purchase or sale of a product or service (push or pull strategies)
Personal selling
Personal presentation by the firm’s sales force for the purpose of making sales and building customer relationships
Public relations
Building good relations with the company’s various publics by obtaining favorable publicity, building up a good corporate image, and handling or heading off unfavorable rumors, stories, and events
Direct and digital marketing
Direct connections with carefully targeted individual consumers to both obtain an immediate response and cultivate lasting customer relationships
Steps in planning and executing an ad campaign
- Identify the target audience
- Set advertising objectives
- Determine the advertising budget
- Convey the message
- Evaluate and select media
- Create advertisements
- Assess impact
3 Ad objectives
1) Informative - used when a company is introducing a new product, correcting false beliefs, explaining how i
2) Persuasive - building brand preference, encouraging brand switching, creating customer engagement
3) Reminder - maintaining customer relationships, keeping the product in consumers’ minds (“top-of-mind awareness”)
Methods of setting a budget
1) Affordable method
2) Percentage-of-sales method
3) Competitive-parity method
4) Objective-and-task method
Unique Selling Proposition
Conveys the Message
examples)
* Red Bull…. Give you wings
* Nike…. Just do it!
* State Farm Insurance . . . Like a good neighbor, State Farm is there
Message execution types
1) Slice of life - typical people in a normal setting
2) Lifestyle - how products fit in one certain lifestyle
3) Fantasy - creates a fantasy for how products can be used
4) Mood or image - beauty, love, serenity
5) Musical - singing about the product
6) Personality symbol - character that represents the product
7) Technical expertise - company is an expert in area
8) Scientific evidence - survey evidence that the brand is better
9) Testimonial endorsements - highly likely or believable sources
Informational vs emotional appeal
Informational - Helps consumers make purchase decisions by offering factual
information
Emotional - Aims to satisfy consumers’ emotional desires rather than their
utilitarian needs (humor, comfort, fear, happiness, sex/love, nostalgia)
Steps in advertising media selection
1) Determining reach, frequency, and impact
2) Choosing among major media types
3) Selecting specific media vehicles
4) Choosing media timing
Types of advertising schedules
1) Continuous - advertisement runs steadily with little variation
2) Flighting - periods of advertising are alternated with periods of no advertising at all
3) Pulsing - mixing continuity and lighting strategies