Shared Flashcard Set

Details

Marketing Management Ch 14
Basic Marketing Chapter 14 Vocab
29
Marketing
Undergraduate 3
04/09/2012

Additional Marketing Flashcards

 


 

Cards

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
those concerned with managing personal selling
Term
Advertising managers
Definition
those whom manage their company's mass-selling effort-in television, 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
those who 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
(1)to get ATTENTION (2) to hold INTEREST (3) to arouse DESIRE (4) to obtain ACTION
Term
communication process
Definition
when a source tries to reach a receiver with a message
Term
source
Definition
in the communication process, the sender of a message
Term
receiver
Definition
in the communication process, the 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
in the communication process, 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 new ideas, and the first to take risks
Term
Early adopters
Definition
those 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
cautious about new ideas. Often they are older and more set in their ways, so they are less likely to follow early adopters.
Term
Laggards or Nonadopters
Definition
those who 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
Supporting users have an ad free experience!