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Marketing
Chapter 15
| Term | Definition |
|---|---|
| Advertising | impersonal, one-way mass communication about a product or an organization that is paid by a marketer |
| AIDA Concept | process for achieving promotional goals in terms of stages of consumer involvement with the message (Attention, Interest, Desire, Action) |
| Channel | medium of communication (voice, radio, newspaper) used for transmitting a message |
| Communication | process by which we exchange or share meanings through common set of symbols |
| Competitive Advantage | unique features of a company and its products that are perceived by the target market as competition |
| Consumer-Generated Content | any form of publicly available online content created by consumers |
| Decoding | interpretation of the language and symbols sent by the source through a channel |
| Direct-Response Communication | communication of a message directly from a marketing company and directly to an intended individual target audience |
| Earned Media | category of promotional tactic based on a public relations model that gets customers talking about a product |
| Encoding | conversion of the sender's ideas and thoughts into a message, usually in the form of words or signs |
| Feedback | receivers response to a message |
| Integrated Marketing Communications | the careful coordination of all promotional messages for a product to ensure the consistency of messages at every contact point where a company meets the consumer |
| Interpersonal Communication | direct, face-to-face communication between two or more people |
| Mass Communication | communication of a concept or message to large audiences (TV) |
| Noise | anything that interferes or distorts with the transmission of a message |
| Online Marketing | two-way communication of a message delivered through the internet to the consumer |
| Owned Media | promotional tactic, based on brands becoming publishers of their own content to maximize the brands' value to consumers |
| Paid Media | promotional tactic based on the traditional advertising model whereby a brand pays for advertising space |
| Personal Selling | purchase situation involving a personal, paid-for communication between two people in an attempt to influence each other (salesperson) |
| Promotion | communication by marketers that informs, persuades, reminds, and connects potential buyers to a product |
| Promotional Mix | combination of promotional tools (advertising, publicity, sales promotion, personal selling, direct marketing, and social media) used to reach the target market |
| Promotional Strategy | plan for the use of the elements of promotional mix |
| Pubic Relations | marketing function that evaluates public attitudes, identifies areas within the organization the public may be interested in, and executes a program of action to earn public understanding and acceptance |
| Publicity | public information about a company, product, service, or an issue appearing in the mass media as a news item |
| Pull Strategy | stimulates consumer demand to obtain product distribution |
| Push Strategy | uses aggressive persona selling and trade advertising to convince wholesalers to carry their product |
| Receivers | people who decode a message (customers) |
| Sales Promotion | marketing activities that stimulate consumer buying and dealer effectiveness |
| Sender | the originator of the message in the communications process |
| Social Media | collection of online communication tools that facilitate conversations online |
| Goals of Promotion | Informing, Persuading, Reminding, Connecting |