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MKTG 250 Chapter 18
| Question | Answer |
|---|---|
| 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 | 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 |
| Promotional Element Chart | advertising, personal selling, public relations, sales promotion, direct marketing |
| Advertising | any paid form of nonpersonal communication about an organization, product, service, or idea by an identified sponsor |
| Public Relations | a 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 |
| Personal Selling | 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 |
| Sales Promotion | a short-term inducement of value offered to arouse interest in buying a product or service |
| Direct Marketing | a 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 |
| Product Life Cycle | introduction, growth, maturity, decline |
| Purchase Stages | pre-purchasing, purchase, post-purchase |
| Push Strategy | directing the promotional mix to channel members to gain their cooperation in ordering and stocking the product |
| Pull Strategy | directing the promotional mix at ultimate consumers to encourage them to ask the retailer for a product |
| Hierarchy of Effects | 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 |
| Direct Order | 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 |
| Lead Generation | the result of a direct marketing offer designed to generate interest in a product or service and a request for additional information |
| Traffic Generation | the outcome of a direct marketing offer designed to motivate people to visit a business |