Test 1 Flashcards
First printed outdoor signs- the forerunner of modern outdoor advertising
Hoarding
A system of trade and marketing through specializes intermediaries rather than direct exchange if goods between buyers and producers
Centralized exchange
The period from prehistoric times to the 18th cent. During this time, buyers and seller communicated in very primitive ways.
Pre-marketing era
The period from the 1700s to the early decades of the 20th cent, in which advertisers were able to reach large segments of the pop through mass media
Mass communication era
In recent years, advertisers increasingly have been able to identify narrowly defined audience segments through sophisticated research methods
Research era
Communication will increasingly be controlled by consumers who will determine when and where they can be reached with promotional messages
Interactive era
Market research that attempts to determine the underlying nature of purchase behavior
Behavioral research
Siquis
Handwritten posters in 16th-17th cent England- forerunners of modern adv
Penny press
Forerunner of the mass newspaper in the US. 1st appeared in 1830s
Mass prod
A manufacturing technique using specialization and interchangeable parts to science production efficiencies
American association of advertising agencies
The national organization of advertising agencies
Pure food and drug act
Passed in 1906 by legislation, it was one of the earliest attempts by the federal government to protect consumers
federal trade commission
The agency of the federal government empowered to prevent unfair competition and to prevent fraudulent, misleading, or deceptive adv in interstate commerce
Council of better business bureaus
Coordinated a number of local and national interstices to protect consumers
Printers’ Ink model statute
The act at fraudulent advertising, prepared and sponsored by printers’ ink, which was the pioneer adv mag
Audit bureau of circulations
Organization sponsored by publishers, agencies, and adv for securing accurate circulation statements
War adv council
Founded in1942 to promote WWII mobilization, later evolved into the adv council
Adv council
Nonprofit network of agencies, media, and advertisers dedicated to promoting social programs through advertising
Audience fragmentation
The segmentation of mass-media audiences into smaller groups because of diversity of media outlets
Permission marketing
Asking consumers for permission to opt in before sending them advertising and other forms of marketing communication
Convergence
The blending of various facets of marketing functions and communication technology to create more efficient and expanded synergies
Return-on-investment (ROI)
One measure of the efficiency of a company is the rate of return (profits) achieved by a certain level of investment on various business functions including advertising
Marketing mix
Combination of marketing functions, including advertising, used to sell a product
Sales promotion
1) sales activities that supplement both personal selling and marketing, coordinate the two, and help to make them effective 2) the combination of personal selling, adv, and all the supplementary selling activities
PR
Communication with various internal and external publics to create an image for a product or corporation
Advertising
A message paid for by an identifies sponsor and usually delivered through some medium of mass comm
Integrated marketing communication
IMC
The joint planning, execution, and coordination of all areas of marketing communication
Dist channel
The various intermediaries such as retailers, that control the flow of goods from manufacturers to consumers
Brand name
The written or spoken part I a trademark, in contrast to the pictorial mark; a trademark word
Brand extension
These are new product intros unders an existing brand to take advantage of existing brand equity
Com joint analysis
A research technique designed to determine what consumers perceive as a product’s most important benefits
Product life cycle
The profess of a brand moving from introduction to maturity and eventually to adaptation or demise
Product differentiation
Unique product attributes that set one brand from another
Value gap
The perceived difference between the price of a product and the value ascribed to it by consumers
Yield management
A product pricing strategy to control supply and demand