UNIT 3 - Chap 15: The Marketing Mix: Promotion Flashcards

1
Q

What are the 2 different types of promotion? (2)

A
  1. Advertising
  2. Sales promotion
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2
Q

Explain what advertising means?

A

Advertising is known as above the line promotion, meaning it involves the media​

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3
Q

Explain what sales promotion means?

A

Sales promotion is known as below the line promotion as it does not involve the media. E.g. BOGOF, free Gift ​

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4
Q

What are the 4 aims of promotion? (4) **

A
  1. To increase brand awareness which leads to increased sales
  2. To introduce new products to the market​
  3. To compete with competitors’ products ​
  4. To improve the company image ​
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5
Q

What are the 2 types of advertising called? (2)

A
  1. Persuasive
  2. Informative
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6
Q

Explain what persuasive means in advertising?

A

Where emphasis is on trying to persuade the consumer that they really need the product and should buy it, e.g. Perfume & Chocolate .

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7
Q

Explain what informative means in advertising?

A

where emphasis is to give full and factual information about the product, e.g. Paracetamol ​

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8
Q

What are the 8 types of advertising? (above the line) (8)

A
  1. TV
  2. Radio
  3. Posters/billboards
  4. Magazines
  5. News papers
  6. Ads in the cinema before the movies start
  7. Internet
  8. Leaflets
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9
Q

What are the 2 benefits of advertising on TV? (2)

A
  1. Targets a large audience ​
  2. Can target specific segments e.g., a toy store can target children during kids TV shows ​
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10
Q

What are the 2 drawbacks of advertising on TV? (2)

A
  1. Very Expensive- Increased Fixed Costs ​
  2. Not as many people watch TV due to Netflix ​
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11
Q

What are the 2 benefits of advertising on the radio? (2)

A
  1. Cheaper than TV​
  2. Often uses a memorable song/tune so the ad will be remembered, increasing Brand awareness ​
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12
Q

What are the 2 drawbacks of advertising on the radio? (2)

A
  1. Cannot put across a visual message, therefore may not attract as many customers ​
  2. Less people are listening to radio due to Spotify and I tunes​
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13
Q

What is the 1 benefit of advertising on magazines? (1)

A
  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 ​
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14
Q

What is the 2 drawbacks of advertising on magazines? (2)

A
  1. More expensive than newspapers ​
  2. Magazines are not published often e.g. only monthly - less opportunities to advertise ​
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15
Q

What are the 2 benefits of advertising in a newspaper? (2)

A
  1. Adverts are permanent and can be referred back to- increasing lasting brand awareness ​
  2. Relatively cheap to put ads in local newspapers ​
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16
Q

What are the 2 drawbacks of advertising in a newspaper? (2)

A
  1. Many young people do not purchase newspapers ​
  2. Not as attention grabbing as TV ads, will attract less brand awareness​
17
Q

What are the 2 benefits of advertising on a poster/billboard? (2)

A
  1. Relatively Cheap ​
  2. Potentially can be seen by everyone who passes them ​
18
Q

What are the 2 drawbacks of advertising on a poster/billboard? (2)

A
  1. People may ignore them if they go past them on their phones ​
  2. Not a lot of detail/info can be included in ad, limited persuasion for customers ​
19
Q

What is the 1 benefits of advertising in the cinema before the movies start? (1)

A
  1. Effective to target their exact target market. E.g Ice-cream & jewelry can be advertised before a rom-com movie as more women watch these ​
20
Q

What is the 2 drawbacks of advertising in the cinema before the movies start? (2)

A
  1. Expensive
  2. Seen by only a limited number of people who go to the cinema. ​
21
Q

What are the 2 benefits of advertising in a leaflet? (2)

A
  1. Cheap
  2. Can be delivered door to door to target a large number consumers directly ​
22
Q

What is the 1 drawbacks of advertising in a leaflet? (1)

A
  1. May be ignored and dumped straight away as people may consider it as junk mail ​
23
Q

What are the 2 benefits of advertising on the internet? (2)

A
  1. Having ads on their website can be viewed by existing customers​
  2. Customers will have a direct link to buying the product straight away ​
24
Q

What are the 2 drawbacks of advertising on the internet? (2)

A
  1. Some customers may not use the internet ​
  2. Consumers may ignore emails/ads and considered it as junk ​
25
Q

What are the 6 types of sales promotion? (below the line) (6)

A
  1. Free gifts
  2. BOGOF
  3. Price reductions
  4. Free samples
  5. Product placement
  6. Point of sales display
26
Q

Explain what it is meant by “free gifts”?

A

E.g., McDonalds, toys in cereal Boxes, free mini samples with makeup/skincare​

27
Q

Explain what it is meant by “BOGOF”?

A

Buy one get one free

28
Q

Explain what it is meant by “price reductions”?

A

E.g., 20% off

29
Q

Explain what it is meant by “free samples”?

A

E.g., in supermarket they often give free samples of cheese in the fridge isle ​

30
Q

Explain what it is meant by “product placement”?

A

When branded goods are placed in TV programs or movies

31
Q

Explain what it is meant by “point of sales display”?

A

special display of the product in the shop to attract attention ​

32
Q

What does the marketing budget specify?

A

How much money is available to advertise and promote the product.

33
Q

What happens if a business doesn’t have a very large marketing budget?

A

This means the business will have to find other advertising methods that fit their budget, e.g. a small business with a small marketing budget will not be able to afford TV advertisements ​