Marketing - 3.3.4 (Promotion) Flashcards
2 types of advertising
Informative advertising: gives full info about product
Persuasive advertising: persuades people that they need the product
5 main methods of advertising
- Television
- Newspaper
- Magazines
- Leaflets
- Billboards
Television pros and cons
Advantages:
Reaches large target audience
Product shown in favourable way
Disadvantage
Very expensive
Newspaper pros and cons
Advantages:
Cheap
Permanent copy
Gives lots of info
Disadvantages:
Not attractive
Magazines pros and cons
Advantages:
Reaches specific audience
Disadvantages:
Expensive
Leaflets
Advantages:
Cheap
Permanent
Given to many people
Disadvantages:
May not be read
Billboards pros and cons
Advantages:
Permanent
Cheap
Disadvantages:
Can easily be missed as people walk past it
What is sales promotion
special offers that cause short term increase in sales
- offer
- short term
- sales
Methods of sales promotion
- price reduction
- gifts
- buy one get one
- display and demonstration
- free samples
- after-sales service
Advantages of sales promotion
- increases sales off season
- attracts new customers
- take customers away from competitors
- increases awareness
Aims of promotion
- Creates brand image
- Increases sales
- Compete with competitors
- Increase awareness