Engaging Customers and Communicating Customer Value Flashcards

1
Q

The promotion mix

A

the specific blend of promotion tools that
the company uses to persuasively communicate customer
value and build customer relationships.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Advertising

A
any paid form of nonpersonal presentation and 
promotion of ideas, goods, or services by an identified 
sponsor.
• Broadcast
• Print
• Online
• Mobile
• Outdoor
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Sales promotion

A
a short-term incentive to encourage the 
purchase or sale of a product or service.
• Discounts
• Coupons
• Displays
• Demonstrations
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Personal selling

A

the personal interaction by the firm’s sales

force for the purpose of engaging customers, making sales, and building customer relationships

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Public relations

A

involves 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.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Direct and digital marketing

A

involves engaging directly with
carefully targeted individual consumers and customer
communities to both obtain an immediate response and build lasting customer relationships.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

The New Marketing Communications Model

A
•Consumers are 
changing.
•Marketing strategies 
are changing.
•Advances in digital 
technology
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Integrated marketing communications (IMC)

A

involves carefully integrating and coordinating the company’s many communications channels to deliver a clear, consistent, and compelling message about the organization and its products.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

what does noise mean in marketing?

A

the clutter of messages, so many sponsored adverts that you dont pay attention to.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Steps in Developing Effective Marketing Communication

A
Identify the target audience
↓
Determine the communication objectives (raise awareness of product to ppl/let ppl try it out) 
↓
Design the message
↓
Choose the media to send the message
↓
Select message source and  collect feedback
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

1) Identifying the Target Audience

A
= What will be said?
= How it will be said?
= When it will be said?
= Where it will be said?
= Who will say it?
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

2) Determining the Communication Objectives

A
Awareness
↓
Knowledge
↓
Liking
↓
Preference
↓
Conviction
↓
Purchase
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

3) Designing a Message

A
AIDA Model
•Get Attention
•Hold Interest
•Arouse Desire
•Obtain Action
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

4) Designing a Message and message content

A

Message content is “what to say.”

Message structure and format is “how to say it.”

Rational appeal = relates to the audience’s self-interest.

Emotional appeal = is an attempt to stir up positive or negative emotions to motivate a purchase.

Moral appeal = is directed to an audience’s sense of what is right and proper.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

(Choosing Communication Channels and Media)

Personal communication

A
Personal communication involves two or more 
people communicating directly with each 
other.
• Face to face
• Phone
• Mail or e-mail
• Texting or Internet chat
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

(Choosing Communication Channels and Media)

Opinion leaders and Buzz marketing

A

Opinion leaders are people whose opinions are sought by others.

Buzz marketing involves cultivating opinion leaders and getting them to spread information about a product or service to others in their communities.

17
Q

(Choosing Communication Channels and Media)

Nonpersonal communication

A

channels are media that carry messages without personal contact or feedback, including major media, atmospheres, and events

18
Q

Selecting the Message Source

A
The message’s impact depends on how the 
target audience views the communicator.
• Celebrities
• Athletes
• Entertainers
• Professionals
• Health care providers
19
Q

Collecting Feedback

A

Collecting feedback involves the communicator understanding the effect on the target audience by measuring behavior resulting from the content.

20
Q

(Setting the Total Promotion Budget)

The affordable method

A

sets the promotion budget at the

level management thinks the company can afford.

21
Q

(Setting the Total Promotion Budget)

The percentage-of-sales method

A

The percentage-of-sales method sets the promotion budget
at a certain percentage of current or forecasted sales or as a
percentage of the unit sales price.

22
Q

(Setting the Total Promotion Budget)

The competitive-parity method

A

The competitive-parity method sets the promotion budget to

match competitors’ outlays.

23
Q

(Setting the Total Promotion Budget)

The objective-and-task method

A

The objective-and-task method develops the promotion
budget by specific promotion objectives and the costs of tasks
needed to achieve these objectives.

24
Q

(The Nature of Each Promotion Tool)

Advertising

A

Advertising can reach masses of geographically dispersed buyers at a low cost per exposure, and it enables the seller to repeat a message many times.

25
Q

(The Nature of Each Promotion Tool)

Personal selling

A

Personal selling is the most effective method at certain stages of
the buying process, particularly in building buyers’
preferences, convictions, actions, and developing customer
relationships.

26
Q

(The Nature of Each Promotion Tool)

Sales promotion

A

includes coupons, contests, cents-off deals, and
premiums that attract consumer attention and offer strong
incentives to purchase.

27
Q

(The Nature of Each Promotion Tool)

Public relations

A

Public relations is a very believable form of promotion that includes
news stories, features, sponsorships, and events

28
Q

(The Nature of Each Promotion Tool)

Direct and digital marketing

A

Direct and digital marketing is an immediate, customized, and
interactive promotional tool that includes direct mail, catalogs,
telephone marketing, online, mobile, and social media.

29
Q

(Socially Responsible Marketing Communication)

Advertising and Sales Promotion

A
  • Communicate openly and honestly with consumers and resellers
  • Avoid deceptive or false advertising
  • Avoid bait-and-switch advertising
  • Conform to all federal, state, and local regulations
30
Q

(Socially Responsible Marketing Communication)

Personal Selling

A
  • Follow rules of “fair competition”
  • Do not offer bribes
  • Do not attempt to obtain competitors’ trade secrets
  • Do not disparage competitors or their products