THE MARKETING MIX – PROMOTION Flashcards

1
Q

Promotion

A

A set of activities used to communicate the product/service to customers.

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2
Q

Why?

A

To inform the customers of the product/service and encourage sales.

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3
Q

Methods of promotion include:

A

Point of sale promotion
Advertising

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4
Q

Point of sale promotion

A

Sales offers available when purchasing a product.

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5
Q

Point of sale promotions include:

A

Price reductions
Loss leaders
Competitions
Free samples

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6
Q

Price reductions

A

Reducing the original price in order to boost sales.

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7
Q

Loss Leaders

A

Selling a product or service at an unprofitable price.

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8
Q

Competitions

A

Where a person who buys a certain product or spends a certain amount is entered into a competition.

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9
Q

Free samples

A

These are small versions of products given to people for free.

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10
Q

Advertising

A

Giving the customer information about the product

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11
Q

Different advertising media include:

A

Social media
Websites
TV
Radio
Print media

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12
Q

Social media

A

An online presence/platform which allows you to interact with people through creating and sharing content

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13
Q

Example

A

Facebook, Instagram, Tik tok, snapchat and Twitter.

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14
Q

Websites

A

An online location where all content to do with a particular topic or purpose can be found

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15
Q

Example:

A

https://www.apple.com/uk/

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16
Q

Television

A

Creating and displaying adverts on TV during specific time periods.

17
Q

Example

A

Advertisements for the older age bracket displayed during breaks of the News

18
Q

Radio

A

Creating verbal/audio advertisements to promote goods and services via radio

19
Q

Example

A

A local business paying for a slot during breaks on a popular show/local game commentary

20
Q

Print media

A

Communicating with customers through printed publications.

21
Q

Examples

A

Newspapers, magazines and leaflets.

22
Q

Factors influencing type of advertising used

A

Cost
Target audience
The aim of the promotion