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Marketing 291.15
For the marketing 291 study guide chapter 15
37
Marketing
Undergraduate 2
12/12/2009

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Term
Promotional Mix
Definition
Combination of one or more of the communication tools used to inform, persuade, or remind prospective buyers.
Term
Integrated Marketing Communications (IMC)
Definition
Concept of designing marketing communications programs that coordinate all promotional activities to provide a consistent message across all audiences
Term
Communication
Definition
Process of conveying a message to others
Term
Source
Definition
a company or person who has info to convey
Term
Message
Definition
information sent by the source
Term
channel of communication
Definition
means by which the message is conveyed
Term
Encoding
Definition
process of having the sender transform an idea into a set of symbols
Term
Decoding
Definition
process of having the receiver take a set of symbols, the message, and transform them back to an idea
Term
Field of experience
Definition
a similar understanding and knowledge applied to a message
Term
feedback loop - response
Definition
impact of the message on the receiver's knowledge, attitudes, or behaviors.
Term
Feedback loop - feedback
Definition
the senders' interpretation of the response that indicates whether the message was decoded ad understood as intended.
Term
Noise
Definition
factors that work against effective communication by distorting a message or the feedback received
Term
Advertising
Definition
any paid form of nonpersonal communication about an organization, good, service, or idea by and indentified sponsor
Term
Personal Selling
Definition
two-way flow of communication between a buyer and a seller; often in a face to face encounter; designed to influence a person's or group's perchase decision
Term
Public relations
Definition
Form of communication management that seeks to influence the feelings, opinions, or beliefs held by customers, potential customers, stockholders, suppliers, employees, and others about a company and its products or services.
Term
Publicity
Definition
Nonpersonal, indirectly paid presentation of an organization, good, or service.
Term
Sales Promotion
Definition
A short term offer designed to arouse interest in buying a good or service
Term
Direct marketing
Definition
promotional element 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
Term
Introduction stage
Definition
all promotion mix elements are used in this stage. the promotion objective is to inform.
Term
Growth stage
Definition
primary objective is to persuade the consumer to buy the product. advertising is used to communicate brand differences and person selling is used to solidify the channel of distribution.
Term
Maturity stage
Definition
there is a need to maintain existing buyers. Advertising role is to remind buyers of the products existence. discounts and coupons are important
Term
Decline stage
Definition
period of phase out for the product and little money is spent on the promotional mix.
Term
Push strategy
Definition
directing the promotional mix to channel members to encourage them to order and stock a product.
Term
Pull strategy
Definition
directing the promotional mix at ultimate consumers to encourage them to ask the retailer for the product.
Term
Hierarchy of effects
Definition
sequence of stages a prospective buyer goes through; Awareness, interest, evaluation, trial, and adoption
Term
Awareness
Definition
the consumers ability to recognize and remember the product or brand name
Term
Interest
Definition
an increase in the consumers desire to learn about some of the features of the product or brand
Term
Evaluation
Definition
the consumer's appraisal of the product or brand on important attributes
Term
Trial
Definition
the consumers first purchase and use of the product or brand
Term
Adoption
Definition
through a favorable ecperience on the first trial, the consumer's repeated purchase and use of the product or brand
Term
Percentage of sales
Definition
budget approach where the amount of money spent on promotion is a percentage of past or anticipated sales
Term
Competitive parity
Definition
budgeting that matches the competitor's absolute level of spending or the proportion per point of market share
Term
All you can afford
Definition
budgeting method that allows money to be spent on promotion only after all other budget items are covered
Term
Objective and task
Definition
The best approach to budgeting. The company 1) determines its promotional objectives, 2) outlines the tasks to accomplish these objectives, and 3) determines the promotion cost of performing these tasks
Term
Direct orders
Definition
the result of direct marketing offers that contain all the info necessary for a potential buyer to make a decision to purchase and complete the transaction
Term
Lead generation
Definition
result of direct marketing offer designed to generate interest in a product or a service and a request for additional info
Term
Traffic Generation
Definition
Outcome of direct marketing offer designed to motivate people to visit a business
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