M7 Flashcards
It involves disseminating information about a product, product line, brand, or company.
Promotion
To generate sales and profits, the benefits of products have to be communicated to customers.
Promotion
Specific combination of promotional methods such as print or broadcast advertising, direct marketing, personal selling, point of sale display, merchandising, used for one product, or a family of products.
Promotion mix
The means of providing the most persuasive possible selling message to the right prospects at the lowest possible cost.
Advertising
Any paid form of non – personal presentation and promotion of ideas, goods, and services through mass media such as newspapers, magazines, television, or radio by an identified sponsor.
Advertising
the marketing communications mix
Promotion mix
the specific blend of promotion tools that the company uses to persuasively communicate customer value and build customer relationships
Promotion mix
medical representative deployed in various places of the country conducting regular visits and optimizing whatever promotional activities in accordance to company guidelines for certain products
PSR (Professional Service Representative)
the company’s emissaries, ambassadors of goodwill
PSR (Professional Service Representative)
The primary target markets of promo tools are the __________ and ____________.
physicians and dentist
The secondary target markets for ethical drug products are the ___________.
pharmacists
ETHICAL DRUG PRODUCTS
Such advertisements should usually contain, among others:
●Name(s) of the active ingredient(s)
●Brand name; content of active ingredient(s) per dosage form
●Name of other ingredients known to cause problems
●Approved therapeutic uses
●Side-effects and major adverse drug reactions
●Precautions, contraindications, and warnings
●Name and address of manufacturer or distributor
●Reference to scientific literature as appropriate
The authority endorsers at the point-of-sales for OTC drug products in drugstores are none other than the ___________
pharmacists
OTC/PROPRIETARY DRUG PRODUCTS
●Name(s) of the active ingredient(s)
●Major indication(s) for use
●Major precautions, contraindications, and warnings ●Name and address of manufacturer or distributor ●Information on price to the consumer
ELEMENTS OF PROMOTION MIX
Personal Selling
Sales Promotion
Publicity
Public Relations
Direct Mail
Trade Fairs and Exhibitions
Advertising
Sponsorships
Online promotions
Other related tools such as:
◦Point of purchase displays
◦Merchandising
◦Scientific medical fora and the like
◦Poster sessions
occurs where an individual salesperson sells a product, service, or solution to a client
Personal selling
the company’s most expensive promotional tools
Personal selling
Is an oral communication with potential buyers of a product with the intention of making a sale?
Personal selling
It may focus initially on developing a relationship with the potential buyer but ultimately end with an attempt to close the deal.
Personal selling
any initiative undertaken by an organization to promote an increase in sales, usage or trial of a product or service
Sales Promotion
Additional products added for free at the price of the original product.
Bonus-packed offers