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MKTG 250 Chapter 18

QuestionAnswer
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
Created by: user-2023011
 

 



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