Exam 3 Flashcards

1
Q

a medium of communication—such as a voice, radio, or newspaper—for transmitting a message

A

Channel

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2
Q

the combination of promotional tools—including advertising, public relations, personal selling, sales promotion, and social media—used to reach the target
market and fulfill the organization’s overall goals

A

Promotional Mix

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3
Q

anything that interferes with, distorts, or slows down the transmission of information

A

Noise

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4
Q

the careful coordination of all promotional
messages for a product or a service to ensure the consistency of messages at every point at
which a company has contact with the consumer

A

Integrated Marketing Communications
(IMC)

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5
Q

the conversion of a sender’s ideas and thoughts into a message, usually in the form of words or signs

A

Encoding

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6
Q

the channel used to convey a message to a target market

A

Medium

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7
Q

the number of target consumers exposed to a commercial at least once during a specific period, usually four weeks

A

Reach

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8
Q

the number of times an individual is exposed to a given message during a specific period

A

Frequency

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9
Q

the cost associated with a consumer clicking on a display or banner ad

A

Cost per Click

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10
Q

a public relations strategy that involves getting a product, service, or company name to appear in a movie, television show, radio program, magazine, newspaper, video game, video or audio clip, book, or commercial for
another product, on the Internet, or at special events

A

Product Placement

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11
Q

a price reduction offered by manufacturers to intermediaries such as wholesalers and retailers

A

Trade allowance

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12
Q

a promotional display set up at the retailer’s location to build traffic, advertise the product, or induce impulse buying

A

Point of Purchase (POP)

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13
Q

a subset of e-commerce that involves the interaction and user contribution aspects of social online media to assist online buying and selling of products and services

A

Social Commerce

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14
Q

websites that allow individuals to connect—or network—with friends, peers, and business associates

A

Social Networking Sites

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15
Q

using consumers to develop and market products

A

Crowdsourcing

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16
Q

people who have a smaller number of followers on Instagram or Twitter but are still influential in specific areas

A

Micro-influencers

17
Q

websites that allow consumers to post, read, rate, and comment on opinions regarding all kinds of products and services

A

Review Sites

18
Q

that which is given up in an exchange to acquire a good or service

A

Price

19
Q

the price charged to customers multiplied by the number of units sold

A

Revenue

20
Q

a company’s product sales as a percentage of total sales for that industry

A

Market Share

21
Q

consumers’ responsiveness or sensitivity to changes in price

A

Elasticity of Demand

22
Q

the practice of marking up prices by 100 percent, or doubling the cost

A

Keystoning

23
Q

the ability to change prices very quickly, often in real time using software programs

A

Dynamic Pricing