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Chapter 12 vocab
| Question | Answer |
|---|---|
| Campaign | an organized course of action to achieve a goal.an organized course of action to achieve a goal. |
| Promotional mix | a combination of marketing methods including advertising, sales, public relations and direct marketing to achieve a specific marketing goal. |
| Advertising | an industry used to call the attention of the public to something, typically a product or service. |
| Specialty Item | a unique, high-end consumer good or specialized component characterized by brand loyalty, limited availability, and high price, for which buyers exert significant effort to purchase. |
| Publicity | a form of public relations that provides news or information in the media. |
| News Release | to provide an official statement about a topic from the primary source. |
| Public Relations | a strategic communication process that builds mutually beneficial relationships between organizations and their publics. |
| Premium | having or reflecting superior quality or value. |
| Rebate | a partial refund of the cost of an item. |
| Sweepstakes | a lottery in which the prize consists of the money paid by the participants. drawing, lottery. Players buy (or are given) chances and prizes are distributed by casting lots. |
| Industry Average | benchmarks or tools which helps business to make comparisons that helps to determine its position within the industry and evaluate financial performance of the business. |
| Cooperative advertising | when multiple brands collaborate together to form a mutually beneficial promotion. |
| Advertising Agency | is an independent service company that develops and places advertisements in various media platforms on behalf of their clients, who are seeking to promote their goods and services to potential customers. |
| Consumer Pretest | an advance or preliminary testing or trial, as of a new product. |