Finals Flashcards
IMC
To create, lead, and manage relationship
Advertising
Goal to create action, most visible form of marketing
Marketing
Goal is to create exchange
Communication process
sender, encoding, channel, receiver, decoding & feedback
budget methods
Percentage, authoritarian, Historical, competitive parity
reach
gain large audience at same time w/one message
Hierarchy of Needs
Self-actualization, esteem, social, safety & security, physiological
lag effect
likelihood of info recall w/ repeated exposure overtime
Continuity, pulsing, and flighting
media scheduling patterns
dayparts
broadcast programming- dividing day into several parts
agency
creative professionals handling advertising for other companies
suppliers
assists advertiser and agencies
personal selling
more intricate the process, greater chance of personal selling
agency structure
centralized and decentralized
agency types
Full service, in house, local, regional, national, global, consumer, B2B
boutique agency
Creative, media buying, digital expertise, etc.
agency compensation
15% commission(!!), markup, fees, incentives
media buying
agency administrative activity to plan, purchase, place, and evaluate media buys
media buyer
person in agency that negotiates and purchases media
Media challenge
multiple choices, perishability, creativity, ROI, CPM, relationships
Media negotiations
rates not using rate card