Unit 1 - The Industry and Client Flashcards

1
Q

What is an advertisement?

A

It is typically seen as a form of public promotion for a good, service, brand, or occasion.

Examples include billboards, flyers, and newspaper ads.

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2
Q

What is an advertising campaign?

A

A series of advertising with a single message and a specific objective is known as an ad campaign. For instance, a business might design a marketing strategy to achieve one of the following goals: to spread the word about a new product’s brand. to increase the sale of a good or service.A series of advertising with a single message and a specific objective is known as an ad campaign.

For instance, Skittles’ ‘Taste The Rainbow’ campaign.

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3
Q

What is an advertising channel?

A

A medium or tool used to promote a product, service, or cause and catch customers’ eyes.

Examples include video, audio, and social media.

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4
Q

What is print advertising?

A

It uses paper rather than a digital platform, reaching customers on a broad scale.

Examples include newspapers and brochures.

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5
Q

What is outdoor advertising?

A

Any form of marketing done outside to attract attention, also known as ‘out of home’ advertising.
Ex. Billboard advertising is the most often used format, but there are a variety of other possibilities, many of which now have digital components. Can also be in retail (promotions outside) to lure people in. Pizza stores ( standing outside in costumes), Bus stops, behind the bus as well.

Examples include billboards and retail promotions.

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6
Q

What is direct mail advertising?

A

An advertisement that comes in your mailbox to influence you.
Ex. (Real Estate) Calendars, (Restaurant & Fast Food) flyers, (Grocery) coupons, (Beauty & Cosmetics) business cards

Examples include calendars and flyers.

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7
Q

What is digital advertising?

A

It markets through digital platforms using the internet to reach a worldwide audience.
Ex. Websites, Social Media, Emails

Examples include websites and social media.

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8
Q

What is native advertising?

A

Paid media created to match the content of another media source.
Ex. A sponsored post

An example is a sponsored post.

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9
Q

What is radio/television advertising?

A

A category of mass marketing that can reach a national and global audience.
Ex. Live Reads, Commercials (tv/radio)

Examples include live reads and commercials.

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10
Q

What are commercials?

A

A type of advertisement broadcast on television or radio, designed to promote a product, service, or brand.
Ex. a commercial would be a television advertisement for a fast food restaurant

An example is a television advertisement for a fast food restaurant.

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11
Q

What is word-of-mouth advertising?

A

When a consumer’s interest in a company’s product is reflected in their daily dialogues.
Ex. sharing reviews or recommendations on social media, talking to friends and family about products or services, leaving reviews on websites

Examples include sharing reviews on social media.

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12
Q

What is an advertising budget?

A

The amount planned to be spent on paid promotion over a set time period.
Ex. if a local business wants to advertise their product they can decide that their max budget is no more $10,000

For example, a local business may set a max budget of $10,000.

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13
Q

What is a brand?

A

Names, trademarks, or logos used by companies to help their products stand out.
Ex. McDonalds, “I’m lovin’ it,” the big yellow M

Examples include McDonald’s and its slogan ‘I’m lovin’ it.’

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14
Q

What is brand image?

A

The general opinion and perception that customers have about a brand.
Ex. Coca-Cola: ‘Original cola’ and ‘Unique taste’, McDonald’s: Inexpensive brand that serves food quickly., Walmart: Selling goods for a lesser price.

Examples include Coca-Cola’s ‘Original cola’ and Walmart’s low prices.

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15
Q

What is brand awareness?

A

Memorable and recognizable brands.
Ex. Old navy being navy blue, no frills being yellow , H&M with the red font

Examples include Old Navy’s navy blue and H&M’s red font.

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16
Q

What is a brand ambassador?

A

An individual paid to promote and represent a company’s products or services.
Ex. Cristiano Ronaldo has been the brand ambassador for Herbalife for many years. This means that he was seen in their advertisements and he also participated in some events.

For example, Cristiano Ronaldo for Herbalife.

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17
Q

What is an endorsement?

A

The approval of a product of service by a recognizable individual. Smaller-scaled compared to brand ambassador.

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18
Q

What is a target audience?

A

A certain group companies advertise their products or services to.

For example, MTV targets teenagers.

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19
Q

What is product placement?

A

Promotion of a product in shows or movies.

An example is Coke in ‘Stranger Things.’

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20
Q

What is a creative brief?

A

A short document describing the mission, goals, difficulties, and demographics for a marketing project.

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21
Q

What are ad impressions?

A

The impression an ad has on viewers when shown, which is countable.

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22
Q

What is a CTA?

A

A marketing design to cause an immediate reaction from a consumer.

This stands for ‘Call to Action.’

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23
Q

What is a channel in advertising?

A

A path where information passes through in the form of electrical signals.
Ex. Phone calls, text messages,emails, video, social media

Examples include phone calls and social media.

24
Q

What is conversion in advertising?

A

Getting someone to respond to your ad and perform a desired action.
Ex. Mcdonalds posts ad for a burger and it gets people to buy a burger

For example, McDonald’s ads leading to burger sales.

25
What is reach in advertising?
The number of unique people who see your advertisement. Ex. Handout 10,000 flyers to people means 10,000 different people saw the ad or you post a video on social media and receive 50,000 unique views ## Footnote For example, handing out 10,000 flyers means 10,000 different people saw the ad.
26
What are targeted personalized ads?
Advertisements that utilize data analysis to target a specific audience likely to purchase a product.
27
What is ad optimization for voice search?
Utilizing voice search by users to create advertisements promoting products.
28
What are shoppable posts?
Social media posts that allow consumers to view and directly buy products. ## Footnote Consumers gain insight about products without asking individuals.
29
What is smart bidding?
A platform used by companies to display advertisements and analyze performance. ## Footnote It provides insights about consumer demographics.
30
What is multichannel advertising?
Creating accessible channels for consumers who prefer to compare prices online rather than shopping physically.
31
What is product advertising?
Focuses on promoting specific individual products to sell immediately.
32
What is institutional advertising?
Focuses on promoting overall brand recognition and reputation.
33
What is brand positioning?
The process of positioning your brand in the minds of customers.
34
What is a positioning statement?
Positioning statements are for internal use. These statements guide the marketing and operating decisions of your business. A positioning statement helps you make key decisions that affect your customer’s perception of your brand ## Footnote It helps shape customer perception of the brand.
35
What is a tagline?
An external statement used in marketing efforts derived from the positioning statement.
36
What are the steps to create a positioning statement?
1. Establish present brand positioning. 2. Recognize direct competitors. 3. View competitors' positioning. 4. Contrast brand positioning. 5. Create a value-based positioning idea. 6. Construct a brand positioning statement. 7. Assess effectiveness.
37
What is a value proposition?
A statement of the functional, emotional, and self-expressive benefits delivered by the brand, which provide value to customers in the target segment.
38
What is a brand promise?
A statement of the key value of the brand, outlining what it promises to consumers.
39
What is Thorson and Moore’s strategic planning triangle?
1. Identify target segments. 2. Consolidate value proposition. 3. Select persuasion tools.
40
What is the function of ad agencies?
An independent organization of creative people and business people who specialize in Developing and preparing advertising strategies, plans, advertisements, and other promotional tools Purchasing advertising space and time in various media to find and capture customers for their clients’ goods and services
41
How do agencies get clients?
Through presentations, advertising, soliciting new business, referrals, and networking.
42
What is agency compensation?
Fixed Media commissions (% of total spend), Hourly Fee, Project Based (most common) Fees (Fee-commission combination, Straight-fee, Straight Project-based0 Variable Incentive based compensation
43
Who are the main players in advertising?
Advertisers - Company/Org. with a business goal Advertising agencies - Experts in creating Ads or Ad Campaigns to achieve goals Suppliers - Provide materials, equipment and/or expertise to produce ads Media - Must be purchased and used as the vehicle for advertising
44
What are the levels of advertising?
Local/Regional, National, and International.
45
What is local level advertising?
Targeting audiences close to a business location with messages reflecting the local market. Deal with individual local consumers A goal of getting them to your store, shop or office
46
What are local ad campaigns characterized by?
Campaign Focus: Location is key, Increasing Sales, Individual Customers, Tactics Campaign Length: Short-term Budget: < $1 million Agency Use: Use of few generalists
47
What are types of local advertising?
Local newspapers, radio, out-of-home, direct mail, social media, and events.
48
What is national level advertising?
Focuses on attracting customers to brands rather than individual locations.
49
What are national campaign characteristics?
Campaign Focus: Brand, Increase market share, Larger geographic markets, Strategies Campaign Length: Longer-term Budget: < $5 million Agency Use: Use of Specialists/Agencies
50
What is the objective of national advertising?
To inform or remind consumers about a company or brand.
51
What are types of national advertising?
National publications, national networks, and broad exposure out-of-home.
52
Why do companies go global?
Domestic markets for many products and services are stagnant Rely on foreign markets to survive, particularly those with small domestic markets International markets offer growth opportunities Competition has become global
53
What is international level advertising?
The U.S. accounts for over half of the world’s advertising expenditures Advertising spending outside the U.S. are growing more rapidly than inside Every country in the world has advertising of one form or another The more affluent the country, the more monies spent on advertising
54
What are international campaign characteristics?
Campaign Focus: Create Awareness, Brand, Increase market share, Larger geographic markets, Strategies Campaign Length: Longer-term Budget: < $10 million Agency Use: Use of Specialists/Agencies
55
What are international considerations in advertising?
Economic, demographic, political/legal, and cultural environments.
56
What is Authenticity in Advertising
Authenticity in advertising, is the use of real and credible ads. For example, using ads with real people or print ads that provoke real emotions. Authenticity promotes the brand’s image and boosts advertising campaigns as the campaign is reliant on the brand’s image rather than product.
57
Omnichannel marketing-
it integrates multiple media channels to create a seamless experience for a customer moving from one channel to another