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Chapter 14
MKT 320F
30
Marketing
Undergraduate 3
06/24/2014

Additional Marketing Flashcards

 


 

Cards

Term
Promotion
Definition
communicating information between the seller and potential buyer or others in the channel to influence attitudes and behavior
Term
Personal Selling
Definition
involves direct spoken communication between sellers and potential customers
Term
Mass Selling
Definition
communicating with large numbers of potential customers at the same time
Term
Advertising
Definition
any paid form of non-personal presentation of ideas, goods or services by an identified sponsor
Term
Publicity
Definition
any unpaid form of non-personal presentation of ideas, goods or services
Term
Sales Promotion
Definition
refers to promotion activities - other than advertising, publicity and personal selling - that stimulate interest, trial or purchase by final customers or others in the channel
Term
Sales Managers
Definition
concerned with managing personal selling
Term
Advertising Managers
Definition
manage their company's mass-selling effort - in TV, newspapers, magazines and other media
Term
Public Relations
Definition
communication with noncustomers, including labor, public interest groups, stockholders and the government
Term
Sales Promotion Managers
Definition
manage their company's sales promotion effort
Term
Integrated Marketing Communications
Definition
the intentional coordination of every communication from a firm to a target customer to convey a consistent and complete message
Term
AIDA Model
Definition

consists of four promotion jobs:

to get Attention

to hold Interest

to arouse Desire

to obtain Action

Term
Communication Process
Definition
a source trying to reach a receiver with a message
Term
Source
Definition
the sender of a message
Term
Receiver
Definition
a potential customer
Term
Noise
Definition
any distraction that reduces the effectiveness of the communication process
Term
Encoding
Definition
the source deciding what it wants to say and translating it into words or symbols that will have the same meaning to the receiver
Term
Decoding
Definition
the receiver translating the message
Term
Message Channel
Definition
the carrier of the message
Term
Pushing
Definition
using normal promotion effort - personal selling, advertising and sales promotion - to help sell the whole marketing mix to possible channel members
Term
Pulling
Definition
getting customers to ask intermediaries for the product
Term
Adoption Curve
Definition
shows when different groups accept ideas
Term
Innovators
Definition
the first to adopt
Term
Early Adopters
Definition
well respected by their peers and often are opinion leaders
Term
Early Majority
Definition
avoid risk and wait to consider a new idea after many early adopters have tried it and liked it
Term
Late Majority
Definition
are cautious about new ideas
Term
Laggards (Nonadopters)
Definition
prefer to do things the way they've been done in the past and are very suspicious of new ideas
Term
Primary Demand
Definition
demand for the general product idea - not just for the company's own brand
Term
Selective Demand
Definition
demand for a company's own brand
Term
Task Method
Definition
basing the budget on the job to be done
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