UNIT 3 - Chap 15: The Marketing Mix: Promotion Flashcards
What are the 2 different types of promotion? (2)
- Advertising
- Sales promotion
Explain what advertising means?
Advertising is known as above the line promotion, meaning it involves the media
Explain what sales promotion means?
Sales promotion is known as below the line promotion as it does not involve the media. E.g. BOGOF, free Gift
What are the 4 aims of promotion? (4) **
- To increase brand awareness which leads to increased sales
- To introduce new products to the market
- To compete with competitors’ products
- To improve the company image
What are the 2 types of advertising called? (2)
- Persuasive
- Informative
Explain what persuasive means in advertising?
Where emphasis is on trying to persuade the consumer that they really need the product and should buy it, e.g. Perfume & Chocolate .
Explain what informative means in advertising?
where emphasis is to give full and factual information about the product, e.g. Paracetamol
What are the 8 types of advertising? (above the line) (8)
- TV
- Radio
- Posters/billboards
- Magazines
- News papers
- Ads in the cinema before the movies start
- Internet
- Leaflets
What are the 2 benefits of advertising on TV? (2)
- Targets a large audience
- Can target specific segments e.g., a toy store can target children during kids TV shows
What are the 2 drawbacks of advertising on TV? (2)
- Very Expensive- Increased Fixed Costs
- Not as many people watch TV due to Netflix
What are the 2 benefits of advertising on the radio? (2)
- Cheaper than TV
- Often uses a memorable song/tune so the ad will be remembered, increasing Brand awareness
What are the 2 drawbacks of advertising on the radio? (2)
- Cannot put across a visual message, therefore may not attract as many customers
- Less people are listening to radio due to Spotify and I tunes
What is the 1 benefit of advertising on magazines? (1)
- Niche Businesses can advertise their product specifically to their target market e.g., wedding dress in a wedding magazine. Increasing brand awareness from potential customers
What is the 2 drawbacks of advertising on magazines? (2)
- More expensive than newspapers
- Magazines are not published often e.g. only monthly - less opportunities to advertise
What are the 2 benefits of advertising in a newspaper? (2)
- Adverts are permanent and can be referred back to- increasing lasting brand awareness
- Relatively cheap to put ads in local newspapers