Term
|
Definition
Defined in terms of expectation of product performance
- generate sales
- increase in profit
- expand market share
evaluates final outcome in concrete terms
- distribution, sales, profit, shelf facing
|
|
|
Term
|
Definition
-set in terms of expectation for communication's ability to influence consumer's behavior and attitudes; awareness
-outcomes are intangible
- attitude change, evoked set, positive consumer perceptions
|
|
|
Term
|
Definition
- Communications effects: soft measures, awareness, preference, knowledge
- Behavioral effects: uses consumer's actions as a measure of advertising effects
- Sales-driven: IMC goals set in terms of sales
|
|
|
Term
Objectives should be (4 factors) |
|
Definition
- Out-put focused (actionable)
- Measurable (previous experience, market data, survey research)
- time bounded
- Realistic
|
|
|
Term
|
Definition
A-Audience (Who)
B-Behavior (What)
C-Condition (How)- explain new uses for product
D-Degree (How often) |
|
|
Term
|
Definition
Formulates media prgram stating where/when to place advertisements
- research info about media & to match product w/right media and target market
|
|
|
Term
|
Definition
Buys the space and negotiates rates, times and schedules for ad |
|
|
Term
3 Types of Time Continuity |
|
Definition
- Continuity: steady, consistent message delivery; use on product with no seasonal sales
- Flighting: start-stop patterns; fluctuating sales
- Pulsing: vary, but consistent
|
|
|
Term
Opportunities to See (OTS) |
|
Definition
cumulative exposures achieved in a given time period.
- used instead of frequency in media planning
|
|
|
Term
Gross Rating Points (GRP) |
|
Definition
Measure of impact/intensity of media plan
=vehicle rating X OTS |
|
|
Term
|
Definition
compares how cost effective one medium is compared to another; dollar cost of reaching 1,000 members of audience
=(Cost of media buy/ total audience) x 1000 |
|
|
Term
Cost per Rating Point (CPRP) |
|
Definition
measure of efficiency of media vehicle relative to firm's target market
= Cost of media buy/ Vehicle's rating |
|
|
Term
|
Definition
total exposures of audience to an advertisement |
|
|
Term
|
Definition
A consumer's attention is selective and focused on their own individual needs and wants
- impact dissipates over time
- maximum exposure--> run ads over longer period of time, place in multiple outlets
- one ad exposure is enough to affect an audience
|
|
|
Term
Percentage of Sales Budget Method |
|
Definition
Take current/projected sales, then allocate a %
- Pro's: simplicity
- Con's: changes in opposite direction of what is typically needed, doesn't allocate money for special needs or competitive pressures
|
|
|
Term
Meet-the-Competition Budgeting Method |
|
Definition
Meet competition's spending dollar for dollar; used to prevent market loss
|
|
|
Term
Affordability Budgeting Method |
|
Definition
sets marketing budget after all of company's other budgets are determined |
|
|
Term
Competitive Parity (Pay Out Planning) Budgeting Method |
|
Definition
competitive expenditures are basis for company's budget
- company frontloads budget at launch
- Status quo: same amount
- Gain market share: spend more
- PLC decline: spend less
- Con's: Based on shaky assumptions, doesn't account for mkt trends and not necessarily operating at max profits
|
|
|
Term
Objective & Task Budget Method |
|
Definition
Mgmt lists all comm objectives to pursue during year then calculates cost of accomplishing the objectives
- zero-based budgeting; best budgeting method to use because it relates dollar costs to achieving specific objectives
|
|
|
Term
|
Definition
Break Even= FC/( Unit selling price - VC)
Unitary Contribution Margin= Price - Total VC
Total Contribution Margin= (Price - Total VC) x Volume |
|
|
Term
|
Definition
Meant to inspire and orient art directors; point of agreement between directors and client
Must know: objective, target audience, message theme, suppor of claim, aware of constraints |
|
|
Term
9 Common Categories of Information included in a Creative Brief |
|
Definition
- Assignment
- Background
- Advertising Objectives
- Target Market
- Consumer Insight
- Brand Personality
- Message
- Practicalities
- Measurement of Results
|
|
|
Term
Target Market vs Consumer Insight |
|
Definition
Target market: comes from psychographic data
Consumer Insight: comes from qualitatitive research |
|
|
Term
Consumer Insight vs Main Message |
|
Definition
Consumer insight: comes from qualitative data
Main Message: comes from IMC objectives |
|
|
Term
|
Definition
Big Idea + Strategic Focal Point + Positioning |
|
|
Term
Benefits of Internet over traditional media forms |
|
Definition
- Ease of Access
- Wide accessibility
- Convenience
- Small relative cost
- Interactivity, involvement
- social connection, community
- consumer can initiate dialog
|
|
|
Term
E-active Marketing (2 components) |
|
Definition
- e-commerce: selling goods and services via internet
- interactive marketing: development of marketing programs that create interplay between consumers and businesses rather than simply sending messages to potential costumers
|
|
|
Term
|
Definition
- catalog
- shopping cart
- payment system
- customer service information
- public relations information
- optional components
|
|
|
Term
|
Definition
- Financial incentives
- convenience incentives
- value-based incentives
|
|
|
Term
|
Definition
- Seller opportunism: is it legitimate?
- Security concerns
- privacy issues
- purchasing habits
|
|
|
Term
Interactive Marketing- Forms of Online Advertising |
|
Definition
- Display/banner ads
- classified ads
- SEO
- media/video ads
|
|
|
Term
Interactive Marketing- Forms of non-advertising |
|
Definition
- Corporate website
- Blogs
- emails, newsletters
- social network pages
- viral
- podcasts
|
|
|
Term
3 Ways to measure Ad Performance |
|
Definition
- Impressions
- Click-through
- ROS (Run of site) vs Unique visitors
|
|
|
Term
|
Definition
- freestanding inserts
- instant redemption coupon
- bounce-back coupon: placed inside package
- Cross-ruffing: placement of two promotional materials together
- response offer coupons: follow request by consumer
|
|
|
Term
|
Definition
- free-in-the-mail: gifts individuals receive for purchasing product
- in or on-package: small gifts in or on package
- store/manufacturer: gifts given to retailer
- self-liquidating: require consumer to pay an amount for gift
|
|
|
Term
|
Definition
Contest: contestant must earn prize
Sweepstakes: no purchase required, enter as many times as with; probability of winning must be stated |
|
|
Term
|
Definition
Refund: cash return on "soft goods"
Rebate: cash return on "hard goods" |
|
|
Term
|
Definition
- Response samples: made available to those responding to a media offer
- Cross-ruff: provide samples of one product on another
- media sampling: sample included in media outlet
- professional sample: deilvered to professionals
- selective samples: distributed at a site/store
|
|
|
Term
|
Definition
- Promotion-prone consumers: regularly respond to coupons, price-off plans and aren't brand loyal
- brand-loyal: purchase only one particular brand and doesn't substitute
- Price-sensitive: price remains the primary criterion in a purchase decision
|
|
|
Term
Objectives of Consumer Promotions |
|
Definition
- increase store traffic
- increase store sales
- attract new customers
- increase market share
- increase loyalty
- increase trial of new products
|
|
|
Term
Trade Promotions- Trade Allowances (3) |
|
Definition
- off-invoice allowance: per-case rebate paid to retailers for order
- slotting fees: moeny paid to retailers to stock new product
- exit fees: money paid to retailers to remove an item from their SKU inventory
*Only used in distribution channel |
|
|
Term
3 Characteristics of Creative Concepts |
|
Definition
Meaningful
Distinctive
Believable |
|
|
Term
Hierarchy of Effects Model (6 Steps) |
|
Definition
- Awareness- Cognitive
- Knowledge- Cognitive
- Liking- Affective
- Preference- affective
- Conviction-affective
- actual purchase- conative
Cognitive-->Affective-->Conative
most common sequence when attitude is formed |
|
|
Term
|
Definition
An advertisement should contain a message or means that leads consumer to a desired end or state
Use 5 elements in creating ads:
- product's attributes
- consumer benefits
- leverage points
- perosnal values
- executional framework
|
|
|
Term
|
Definition
The whole is greater than the sum of its parts
- Consumer struck by whole
- they'll dig deeper to consume parts
|
|
|
Term
Types of Advertising Appeals |
|
Definition
- Fear
- Humor
- Sex
- Musical
- Rational
- Emotional
- Scarcity
|
|
|
Term
Structure of an Advertisement |
|
Definition
- promise of a benefit (headline)
- spelling out of promise (subheadline)
- amplification (USP)
- proof of claim
- action to take
|
|
|
Term
Research Stages during Ad Development |
|
Definition
- Advertising Strategy Research: before creative begins; product concept definition
- Concept Research: focus on rough development of ideas/testing; before agency production begins
- Pretesting: before finished artwork/photography
- Posttesting: conducted after ad is rolled out
|
|
|
Term
Pretesting wants to understand (4) |
|
Definition
- Reaction
- Comprehension
- likeability
- takeaway
|
|
|
Term
|
Definition
Preliminary version of a commercial with animated cutouts are used instead of live participants |
|
|
Term
|
Definition
asking individual to recall what ads they viewed in given setting or time
important factors: prominence of brand, general attitude towards ad, age, frequency of use
- unaided: subjects asked to name ads they saw or heard previous evening
- aided: consumers are prompted by being told product category or brand
- Linkage: ability to match brand with ad
|
|
|
Term
|
Definition
Effectiveness in creating a favorable image;
deal with both cognitive and affective reactions to ad;
connected to short-term behaviors and longer-term assessments of company |
|
|
Term
|
Definition
include consumer response mechanism to contrast performance |
|
|
Term
|
Definition
Product name/brand
Company location
Firm name
Theme Music
Spokesperson
Tagline
Incentive being offered
Product attributes
Primary selling point |
|
|
Term
Difficulties in Evaluating Ads |
|
Definition
- influence of other factors on behaviors
- delayed impact of advertisment
- consumer changes mind in store
- goal of ad may be to build brand equity not sales
|
|
|
Term
Return on Investment (ROI) |
|
Definition
Most common ROI measurement is in incremental sales from marketing, changes in brand awareness |
|
|
Term
Measures of Overall health of a company |
|
Definition
market share
level of innovation
productivity
physical & financial resources
profitability
manager performance and development
employee performance & attitudes
social responsibility |
|
|
Term
Factors affecting conversion rates (4) |
|
Definition
quality of peice
inclusion of premium
promotional offer
quality of prospecting list |
|
|
Term
Concept Testing (5 components that can be tested) |
|
Definition
copy
message
translation of copy in int'l ad
effectiveness of peripheral cues
value associated with offer |
|
|
Term
Executional Framework (8 types) |
|
Definition
manner in which an ad appeal is presented
- animation
- slice of life
- dramatization
- testimonials
- authoritative
- demonstration
- fantasy
- informative
|
|
|
Term
4 Components of Slice of Life Appeal |
|
Definition
- Encounter
- Problem
- Interaction
- Solution
|
|
|
Term
|
Definition
-given copy of ad and asked if they recognize it or have seen it before
-measure person's interest in particular ad
-scores don't decline over time |
|
|
Term
|
Definition
searching the database for a specific piece of information for marketing purposes |
|
|
Term
Frequency (loyalty) Program Objectives |
|
Definition
- maintain sales, margins, profits
- increase loyalty of existing customers
- preempt or match competitor's frequency program
- induce cross-selling to existing customers
- differentiate a parity brand
- preempt the entry of a new brand
|
|
|
Term
Copytesting principles of PACT (Positioning Advertising Copytesting) |
|
Definition
-relevant to advertising objective being tested
-researcher should agree on how results will be used
-decide cutoff score
-use multiple measures
-base on some theory of human response to comm
-multiple exposure
-alt ads should be in same stage of process development
-prevent biases and external factors from affecting results
-sample representative
-reliability & validity |
|
|
Term
Advertisements are most difficult component of IMC to evaluate |
|
Definition
|
|