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.
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
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
4
Q
Methods of mass marketing
A
- TV ADs
- Radio advertising
- Billboards
- Online advertising
5
Q
Methods of mass marketing
A
- TV ADs
- Radio advertising
- Billboards
- Online advertising