Theme 1 - Mass Marketing Flashcards

1
Q

What is mass marketing

A

Mass marketing is when a company promotes its products to a wide audience using the same message for everyone, without targeting specific groups.

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2
Q

Advantages of mass marketing

A
  • Wide reach- it can reach a wider audience, increasing brand awareness
  • Cost effective- pricing one message for everyone can lower advertising costs
    Economies of scale- companies can produce and sell more products at lower costs
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3
Q

Disadvantages of mass marketing

A
  • Lack of targeting- it may not resonate with specific customer needs and preferences
  • High competition- most companies use mass marketing, making it harder to stand out
  • Waste of resources- some ADs may reach people who aren’t interested in the product
  • Limited feedback - it’s harder to gather insights from a broad audience making improvements challenging
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4
Q

Methods of mass marketing

A
  • TV ADs
  • Radio advertising
  • Billboards
  • Online advertising
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5
Q

Methods of mass marketing

A
  • TV ADs
  • Radio advertising
  • Billboards
  • Online advertising
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