Exam 3 - Chapter 18 Flashcards
Advertising
paid nonpersonal communication about an organization and its products transmitted to a target audience through mass media
Instiutional Advertising
promotes organizational images, ideas, and political issues; can be used to create or maintain an organizational image/more favorable view of org.
Advocacy Advertising
ads that promote a company’s position on a public issue; may be used to promotes socially approved behavior
Product Advertising
promotes the use, features, and benefits of products
Pioneer Advertising
tries to stimulate demand for a product category rather than a specific brand by informing potential buyers about the product
Competitive Advertising
three types; try to stimulate demand for a specific brand by promoting its features, uses, and advantages relative to competing brands
Comparative Advertising
compares the sponsored brand with one or more identified brands on the basis of one or more product characteristics
Reminder Advertising
used to remind consumers about an established brand’s uses, characteristics and benefits
Reinforcement Advertising
assures users they chose the right brand and tells them how to get the most satisfaction from it
Advertising Campaign
the creation and execution of a series of advertisements to communicate with a particular target audience
AC Step 1
Target Audience; Identifying and analyzing the target audience are critical processes as the information yielded helps determine other steps in developing the campaign; The more an advertiser knows about the target audience, the more likely the firm is to develop an effective advertising campaign
AC Step 2
Advertising Objectives; guide campaign development and should be defined carefully; should be stated clearly, precisely, and in measurable terms (SMART)
SMART
specific, measureable, achievable, relevant, time bound
Advertising Objectives (2 Types)
Sales and Communication
Sales
increasing dollar sales or unit sales, increasing sales by a percentage or increasing market share
Cummincation
increase product or brand awareness, make consumers’ attitudes more favorable, heighten consumers knowledge of product features or create awareness
AC Step 3
Advertising platforms; basic issues or selling points to be included in an advertising campaign (what benefits target market hold target market interests); should consist of issues important to customers
AC Step 4
Advertising Appropriation; the advertising budget for a specific time period; factors include geographic size of market, distribution of buyers, the type of product, and the firm’s sales volume
Objective-and-task approach
budgeting for an advertising campaign by first determining its objectives and then calculating the cost of all the tasks needed to attain them (difficulty determining level of effort)
percent-of-sales approach
budgeting for an advertising campaign by multiplying the firm’s past and expected sales by a standard percentage
Competition-matching approach
determining an advertising budget by trying to match competitors’ advertising outlays-who knows how much they spend