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Marketing

Chapter 15

TermDefinition
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
Created by: mchute
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