Integrated Promotion Decisions Flashcards
Integrated Marketing Communication plan Tools
Advertising, personal selling, sales promotion, public relations.
Advertising
Any paid from of non-personal presentation and promotion of ideas, good, or services
Personal selling
A process of helping persuading one or more prospects to purchase a good or service or to act on any idea through the use of an oral presentation
Sales promotion
Incentives designed to stimulate the purchase or sale of a product usually in the short term
Public relations
Non-paid, non-personal stimulation of demand for a product, service, or business unit by planting significant news about it or a favourable presentation in the media
Digital marketing
Any promotion action reliant on digital medium
Developing promotion mix (5 steps)
- Define target audience - who, where, how they behave
- Set promotional objectives
- Set promotional budge - percentage-of-sales, competitive parity, objective-and-task
- Design promotion mix - promotion components, specific activity, medium
- Evaluate results - market research
Reach
Total number of people exposed to one ad during a time period
Out-of-home media
Billboards
Exhibition
In-store displays
Supplementary
Directories
Sales Cycle
Time or number of visits to convince buyers to try and then adopt product.
Sales promotion
Marketing activities, other than personal selling, advertising, and publicity, that stimulate consumer purchasing and dealer effectiveness (pull/push)