Promotions Test Flashcards
What’s the goal of promotion?
To increase awareness, persuade customers and drive sales
Advantages and disadvantages of advertising (definition aswell)
Paid communications through media
Advantages: wide reach, brand awareness
Disadvantages: expensive, hard to measure success
Advantages and disadvantages of sales promotion (definition aswell)
Short term incentives to encourage purchases
Advantages: Immediate sales boost, attracts price-sensitive customers
Disadvantages: Can reduce profit margins, customers may only buy when there’s a deal
What’s some examples of sales promotion
Coupons, discounts and buy one get one free
Advantages and disadvantages of Public relations (definition aswell)
Managing a business image and reputation
Advantages: Builds trust, credibility, and positive brand image
Disadvantages: Hard to control media perception, impact may be slow
Advantages and disadvantages of Personal selling + definition
Directly selling from a salesman to a customer
Advantages: Personalized approach, builds strong customer relationships
Disadvantages: expensive and time consuming
Advantages and disadvantages Direct marketing (definition)
Sending promotions directly to potential customers (emails, leaflets, telemarketing)
Advantages: Targeted, measurable responses
Disadvantages: Can be seen as spam, low response rates
Above the line (ATL)
Mass media advertising (TV, radio, newspapers)
Below the line (BTL)
Direct promotions (email marketing, sponsorships, personal selling)
All steps in the product life cycle
Introduction, growth, maturity and decline