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MKTG 250
Chapter 18
| Question | Answer |
|---|---|
| What is IMC? | integrated marketing communications |
| promotional mix | the combination of one or more communication tools used to: (1) inform prospective buyers about the benefits of the product, (2) persuade them to try it, and (3) remind them later about the benefits they enjoyed by using the product. |
| integrated marketing communications (IMC) | the concept of designing marketing communications programs that coordinate all promotional activities—advertising, personal selling, sales promotion, public relations, and direct marketing—to provide a consistent message across all audiences. |
| Advertising | any paid form of nonpersonal communication about an organization product service or idea by an identified sponsor |
| personal selling | consists of the two-way flow of communication between a buyer and seller, often in a face-to-face encounter, designed to influence a person’s or group’s purchase decision. |
| publicity | nonpersonal, indirectly paid presentation of an organization, product, or service. |
| public relations | form of communication management that seeks to influence the feelings, opinions, or beliefs held by customers, prospective customers, stockholders, suppliers, employees, and other public about a company and its products or services. |
| sales promotion | short-term inducement of value offered to arouse interest in buying a product or service. |
| direct marketing | promotion alternative that uses direct communication with consumers to generate a response in the form of an order, a request for further information, or a visit to a retail outlet. |
| What is the promotion objective for introduction? | to inform |
| What is the promotion objective for growth phase? | to persuade |
| What is the promotion objective for maturity phase? | to remind |
| What is the promotion objective for decline phase? | to phase out |
| push strategy | involves directing the promotional mix to channel members to gain their cooperation in ordering and stocking the product. |
| pull strategy | involves directing the promotional mix at ultimate consumers to encourage them to ask the retailer for a product. |
| hierarchy of effects | is the sequence of stages a prospective buyer goes through from initial awareness of a product to eventual action that includes awareness, interest, evaluation, trial, and adoption |
| traffic generation | is the outcome of a direct marketing offer designed to motivate people to visit a business. |
| lead generation | the result of a direct marketing offer designed to generate interest in a product or service and a request for additional information. |
| direct orders | are the result of a direct marketing offer that contains all the information necessary for a prospective buyer to make a decision to purchase and complete the transaction. |