Module 1 Flashcards
the techniques and practices used to bring products, services, opinions, or causes to public notice for the purpose of persuading the public to respond in a certain way toward what is advertised
Advertising
Most of this involves promoting a good that is for sale, often through brand marketing. but similar methods are used to encourage people to drive safely, to support various charities, or to vote for political candidates, among (https://www.britannica.com/money/topic/advertising) many other examples
advertising
is the action of calling public attention to an offering through paid announcements by an identified sponsor.
Advertising
According to him Advertising is any paid form of non-personal presentation & promotion of ideas, goods, or services by an identified sponsor
Kotler
According to them Advertising is any communication, usually paid-for, specifically intended to inform and/or influence one or more people.
Advertising Association of the UK
A paid, mediated form of communication from an identifiable source, designated to persuade the receiver to take some action, now or in the future.
Advertising
Importance of advertising to the customers
Convenience
Awareness
Better Quality
Targeted informative advertisements make the customer’s decision-making process easier as they get to know what suits their requirements and budget.
Convenience
Advertising educates the customers about different products available in the market and their features. This knowledge helps customers compare different products and choose the best product for them
Awareness
Only brands advertise themselves and their products. There are no advertisements for unbranded products. This ensures better customer quality and a good business model as no brand wants to waste money on false advertising.
Better Quality
Importance of advertising to the business
Awareness
Brand Image
Product Differentiation
Increases Goodwill
Value for Money
Advertising increases brand and product awareness among the people belonging to the target market.
Awareness
Clever advertising helps the business to form the desired image and brand personality in the minds of the customers.
Brand Image
Advertising helps the business differentiate its product from competitors’ and communicate its features and advantages to the target audience
Product Differentiation
Advertising reiterates brand vision and increases the brand’s goodwill among its customers
Increases Goodwill