Chapter 57, Promotion Flashcards
1
Q
Promotion
A
is a collection techniques to persuade consumers to buy a product or service
2
Q
Above the line promotion
A
media where there is no direct contact with the potential consumer
- Television
- Radio
- Cinema
- Newspapers
- Sponsorship
3
Q
Below the line Promotion
A
media the business can directly contact the potential consumer
- Sales Promotion
- Packaging
- Direct Marketing
- Digital marketing
- Merchandising
- Trade fairs
- Telesales
- Personal selling
4
Q
Drip Marketing
A
information is sent to the consumer bit by bit which can generate popularity and ‘hype’ as well as keeping the public up to date
5
Q
Viral Marketing
A
uses social media to increase their brand presence and image
6
Q
Advertising Elasticity of demand
A
measures the extent that spending on advertising will have an effect on demand
Percentage change in demand / Percentage change in advertising