Unit 10 - Branding And Promotion KW Flashcards
Above-the-line promotion
Placing adverts using the media
Advertising
Communication between a business and its consumers where images are placed in the media to encourage the purchase of products
Below-the-line promotion
Any promotion that does not involve using the media
Emotional branding
The practice of using the emotions of a consumer to build a brand
Generic brands
Products that only contain the name of the product category rather than the company or product name
Manufacturer brands
Brands created by the producers of goods or services
Marketing mix
The elements of a business’s marketing that are designed to meet the needs of customers. The four elements are often called the ‘4Ps’ - product, price, promotion and place
Merchandising
A promotion specifically at the point of sale of a product
Own-label, distributor or private brands
Products that are manufactured for wholesalers or retailers by other businesses
Point of sale
Any point where a consumer buys a product
Promotion
An attempt to obtain and retain customers by drawing their attention to a firm or its products
Public relations
Methods of promoting products in the short term to boost sales
Sales promotions
Methods of promoting products in the short term to boost sales
Sponsorship
Making a financial contribution to an event in return for publicity
Viral marketing
Any strategy that encourages people to pass on messages to others about a product or a business electronically